April 1, 2019 (current iteration)
|Founder||Herbert Henry Dow|
|Headquarters||Midland, Michigan, U.S|
|Products||Chemicals, plastics, performance chemicals, catalysts, coatings, Hydrocarbon exploration|
|Revenue||US$56.90 billion (2022)|
|US$6.09 billion (2022)|
|US$4.58 billion (2022)|
|Total assets||US$60.60 billion (2022)|
|Total equity||US$20.72 billion (2022)|
Number of employees
|Footnotes / references|
The Dow Chemical Company, officially Dow Inc., is an American multinational corporation headquartered in Midland, Michigan, United States. The company is among the three largest chemical producers in the world.
With a presence in about 160 countries, it employs about 37,800 people worldwide. Dow has been called the "chemical companies' chemical company", as its sales are to other industries rather than directly to end-use consumers. Dow is a member of the American Chemistry Council.
In 2015, Dow and fellow chemical company DuPont agreed to a corporate reorganization which involved the merger and split of Dow and DuPont into three different companies. The plan commenced in 2017, when Dow and DuPont merged to form DowDuPont, and finalized in April 2019, as the materials science division was spun off from DowDuPont and took the name of the Dow Chemical Company.
Dow was founded in 1897 by chemist Herbert Henry Dow, who invented a new method of extracting the bromine that was trapped underground in brine at Midland, Michigan. Dow originally sold only bleach and potassium bromide, achieving a bleach output of 72 tons a day in 1902. Early in the company's history, a group of British manufacturers tried to drive Dow out of the bleach business by cutting prices. Dow survived by also cutting its prices and, although losing about $90,000 in income, began to diversify its product line. In 1905, German bromide producers began dumping bromides at low cost in the U.S. in an effort to prevent Dow from expanding its sales of bromides in Europe. Instead of competing directly for market share with the German producers, Dow bought the cheap German-made bromides and shipped them back to Europe. This undercut his German competitors. Even in its early history, Dow set a tradition of rapidly diversifying its product line. Within twenty years, Dow had become a major producer of agricultural chemicals, elemental chlorine, phenol and other dyestuffs, and magnesium metal.
During World War I, Dow Chemical supplied many war materials the United States had previously imported from Germany. Dow produced magnesium for incendiary flares, monochlorobenzene and phenol for explosives, and bromine for medicines and tear gas. By 1918, 90 percent of Dow Chemical production was geared towards the war effort. At this time, Dow created the diamond logo that is still used by the company. After the war, Dow continued research in magnesium, and developed refined automobile pistons that produced more speed and better fuel efficiency. The Dowmetal pistons were used heavily in racing vehicles, and the 1921 winner of the Indianapolis 500 used the Dowmetal pistons in his vehicle.
In the 1930s, Dow began producing plastic resins, which would grow to become one of the corporation's major businesses. Its first plastic products were ethylcellulose, made in 1935, and polystyrene, made in 1937.
Diversification and expansion
From 1940 to 1941, Dow built its first plant in Freeport, Texas to produce magnesium extracted from seawater rather than underground brine. The Freeport plant is Dow's largest site – and the largest integrated chemical manufacturing site in the country. The site grew quickly – with power, chlorine, caustic soda and ethylene also soon in production. Growth of this business made Dow a strategic business during World War II, as magnesium became important to manufacture lightweight parts for aircraft. Based on 2002–2003 data, the Freeport plants produced 27 billion lbs of product – or 21% of Dow's global production.[better source needed] In 1942, Dow began its foreign expansion with the formation of Dow Chemical of Canada in Sarnia, Ontario, to produce styrene for use in styrene-butadiene synthetic rubber. Also during the war, Dow and Corning began their joint venture, Dow Corning, to produce silicones for military and, later, civilian use.
In the post-war era, Dow began expanding outside of North America, founding its first overseas subsidiary in Japan in 1952, and in several other nations soon thereafter. Based largely on its growing plastics business, Dow opened a consumer products division beginning with Saran wrap in 1953. Based on its growing chemicals and plastics businesses, Dow's sales exceeded $1 billion in 1964, $2 billion in 1971.
Contamination from fires and radioactive waste leakage plagued the facility under Dow's management. In 1957 a fire burned plutonium dust in the facility and sent radioactive particles into the atmosphere.
The Department of Energy transferred management of the facility to Rockwell International in 1975. In 1990, nearby residents filed a class action lawsuit against Dow and Rockwell for environmental contamination of the area; the case was settled in 2017 for $375 million. According to the Appellate Court, the owners of the 12,000 properties in the class-action area had not proved that their properties were damaged or they had suffered bodily injury.
Vietnam War: napalm and Agent Orange
The United States military used napalm bombs during the Vietnam War until 1973. Dow was one of several manufacturers who began producing the napalm B compound under government contract from 1965. After experiencing protests and negative publicity, the other suppliers discontinued manufacturing the product, leaving Dow as the sole provider. The company said that it carefully considered its position, and decided, as a matter of principle, "its first obligation was to the government". Despite a boycott of its products by anti-war groups and harassment of recruiters on some college campuses, Dow continued to manufacture napalm B until 1969.
Agent Orange, a chemical defoliant containing dioxin, was also manufactured by Dow in New Plymouth, New Zealand, and Midland, Michigan, in the United States for use by the British military during the Malayan Emergency and the U.S. military during the Vietnam War. In 2005, a lawsuit was filed by Vietnamese victims of Agent Orange against Dow and Monsanto Co., which also supplied Agent Orange to the military. The lawsuit was dismissed. In 2012, Monsanto agreed to a $93 million settlement as a result of a case pursued by ex-Monsanto employees and citizens in the city of Nitro, WV. In 1949, a chemical plant in Nitro experienced an explosion that damaged a tank containing 2,4,5-T, one of the composites that is used in the production of Agent Orange. The settlement of the case included $9 million for the cleanup of affected homes in the area, and $84 million to cover the medical monitoring and treatment of people affected by the explosion, as well as legal costs for the claimants. No care has been given for the in state damage done by the Headquarters in Midland, Michigan, and they refuse to give the evidence to the community.
Dow Corning breast implants
A major manufacturer of silicone breast implants, Dow Corning (Dow Chemical's Joint Venture with Corning Inc.) was sued for personal damages caused by ruptured implants. On 6 October 2005, all such cases pending in the District Court against the company were dismissed. A number of large, independent reviews of the scientific literature, including the Institute of Medicine in the United States, have subsequently found that silicone breast implants do not cause breast cancers or any identifiable systemic disease.
The Bhopal disaster occurred at a pesticide plant owned by Union Carbide India Ltd., a subsidiary of Union Carbide, in 1984. A gas cloud containing methyl isocyanate and other chemicals spread to the neighborhoods near the plant where more than half a million people lived. The government of Madhya Pradesh confirmed 3,787 deaths related to the gas release. The leak caused 558,125 injuries, including 38,478 temporary partial injuries and approximately 3,900 severely and permanently disabling injuries. Union Carbide was sued by the Government of India and agreed to an out-of-court settlement of US$470 million in 1989. Dow Chemical acquired Union Carbide in 2001. Activists want Dow Chemical to clean up the site which is now controlled by the state of Madhya Pradesh.
Until the late 1970s, Dow produced DBCP (1,2-dibromo-3-chloropropane), a soil fumigant, and nematicide, sold under the names the Nemagon and Fumazone. Plantation workers who alleged that they became sterile or were stricken with other maladies subsequently sued both Dow and Dole Foods in Latin American courts. The cases were marred by extensive fraud, including the falsification of test results and the recruitment of plaintiffs who had never worked at Dole plantations. While Nicaraguan courts awarded the plaintiffs over $600 million in damages, they have been unable to collect any payment from the companies. A group of plaintiffs then sued in the United States, and, on 5 November 2007, a Los Angeles jury awarded them $3.2 million. Dole and Dow vowed to appeal the decision. On 23 April 2009 a Los Angeles judge threw out two cases against Dole and Dow due to fraud and extortion by lawyers in Nicaragua recruiting fraudulent plaintiffs to make claims against the company. The ruling casts doubt on $2 billion in judgments in similar lawsuits.
In February 2013 a federal court rejected two tax shelter transactions entered into by Dow that created approximately $1 billion in tax deductions between 1993 and 2003. The court wrote that the transactions were "schemes that were designed to exploit perceived weaknesses in the tax code and not designed for legitimate business reasons". The schemes were created by Goldman Sachs and the law firm of King & Spalding, and involved creating a partnership that Dow operated out of its European headquarters in Switzerland. Dow stated that it had paid all tax assessments with interest. The case was against the Internal Revenue Service seeking a refund of the taxes paid. The case was appealed to the 5th Circuit court, where Dow's claims were again rejected. Dow has petitioned for an en banc hearing by the 5th Circuit, arguing that the decision was contrary to established case law.
Dow Chemical was implicated in a price-fixing scheme that inflated the cost of polyurethane for customers. The U.S. Justice Department closed an investigation in 2007, but a class-action lawsuit won at a jury trial in 2013. Dow settled the suit in 2016 for $835 million.
Recent mergers, acquisitions and reorganization
1990s – transition from geographic alignment to global business units
In the early 1990s, Dow embarked on a major structural reorganization. The former reporting hierarchy was geographically based, with the regional president reporting directly to the overall company president and CEO. The new organization combines the same businesses from different sites, irrespective of which region they belong (i.e. the vice president for Polystyrene is now in charge of these plants all over the world).
Union Carbide merger
At the beginning of August 1999, Dow agreed to purchase Union Carbide Corp. (UCC) for $9.3 billion in stock. At the time, the combined company was the second largest chemical company, behind DuPont. This led to protests from some stockholders, who feared that Dow did not disclose potential liabilities related to the Bhopal disaster.
William S. Stavropoulos served as president and chief executive officer of Dow from 1995 to 2000, then again from 2002 to 2004. He relinquished his board seat on 1 April 2006, having been a director since 1990 and chairman since 2000. During his first tenure, he led the purchase of UCC, which proved controversial, as it was blamed for poor results under his successor as chief executive officer, Mike Parker. Parker was dismissed and Stavropoulos returned from retirement to lead Dow.
On 31 August 2006, Dow announced that it planned to close facilities at five locations:
- Sarnia, Ontario was Dow's first manufacturing site in Canada, located in the Chemical Valley area alongside other petrochemical companies. In 1942, the Canadian government invited Dow to build a plant there to produce styrene (an essential raw material used to make synthetic rubber for World War II). Dow then built a polystyrene plant in 1947. In August 1985, the site accidentally discharged 11,000 litres of perchloroethylene (a carcinogenic dry cleaning chemical) into the St. Clair River, which gained infamy in the media as "The Blob", and Dow Canada was charged by the Ministry of the Environment. Up to the early 1990s, Dow Canada's headquarters was located at the Modeland Centre, and a new three-story complex called the River Centre was opened up on the Sarnia site in 1993 to house Research and Development. Since then, several plants (Dow terminology for a production unit) on the site have been dismantled, particularly the Basic Chemicals including Chlor Alkali unit whose closure was announced in 1991 and carried out in 1994 which affected nearly half of the site's employees. The Dow Canada headquarters were moved to Calgary, Alberta in 1996, and the Modeland Centre was sold to Lambton County and the City of Sarnia with Dow leasing some office space. The Dow Fitness Centre was donated to the YMCA of Sarnia-Lambton in 2003. The Sarnia Site's workforce declined from a peak of 1600 personnel in the early 1990s to about 400 by 2002. In the late 1990s, land on the site was sold to TransAlta which built a natural gas power plant that begun operations in 2002 to supply electricity to the remaining Sarnia site plants and facilities, so that Dow could close its older less efficient steam plant (originally coal fired and later burning natural gas). On 31 August 2006, Dow announced that the entire Sarnia site would cease operations at the end of 2008. The Sarnia site had been supplied with ethylene through a pipeline from western Canada but BP officials warned Dow that shipments from the pipeline had to be suspended for safety reasons, and the loss of an affordable supply for the low density polyethylene plant rendered all the other operations at the site non-competitive. The Low-Density Polyethylene and Polystyrene units closed in 2006, followed by the Latex Unit in 2008, and finally the Propylene Oxide Derivatives Unit in April 2009. Dow afterward focused its efforts on the environmental remediation of the vacant site, which was sold to TransAlta. The former site has since been renamed the Bluewater Energy Park, with the River Centre remaining available for lease.
- One plant at its site in Barry (South Wales), a triple string STR styrene polymer production unit. Integral in the company's development of the super high melt foam specific polymers & Styron A-Tech high gloss, high impact polymers.
- One plant at its site in Porto Marghera (Venice), Italy.
- Two plants at its site in Fort Saskatchewan, Alberta, Canada.
On 2 November 2006, Dow and Izolan, the leading Russian producer of polyurethane systems, formed the joint venture Dow-Izolan and built a manufacturing facility in the city of Vladimir. Also in 2006, Dow formed the Business Process Service Center (BPSC).
In December 2007, Dow announced a series of moves to revamp the company. A 4 December announcement revealed that Dow planned to exit the automotive sealers business in 2008 or 2009. Within several weeks, Dow also announced the formation of a joint venture, later named K-Dow, with Petrochemical Industries Co. (PIC), a subsidiary of Kuwait Petroleum Corporation. In exchange for $9.5 billion, the agreement included Dow selling 50-percent of its interest in five global businesses: polyethylene, polypropylene and polycarbonate plastics, and ethylenamines and ethanolamines. The agreement was terminated by PIC on 28 December 2008.
Rohm & Haas Co. purchase
On 10 July 2008, Dow agreed to purchase all of the common equity interest of Rohm and Haas Co. for $15.4 billion, which equated to $78 per share. The buyout was financed with equity investments of $3 billion by Berkshire Hathaway Inc. and $1 billion by the Kuwait Investment Authority. The purpose of the deal was to move Dow Chemical further into specialty chemicals, which offer higher profit margins than the commodities market and are more difficult to enter for the competition. The purchase was criticized by many on Wall Street who believed Dow Chemical overpaid (about a 75 percent premium on the previous day's market capital) to acquire the company; however, the high bid was needed to ward off competing bids from BASF. The transaction to purchase the outstanding interest of Rohm and Haas was closed on 1 April 2009.
On 8 December 2008, Dow announced that due to the Financial crisis of 2007–2008, it would accelerate job cuts resulting from its reorganization. The announced plan included closing 20 facilities, temporarily idling 180 plants, and eliminating 5,000 full-time jobs (about 11 percent of its work-force) and 6,000 contractor positions.
Citing the global recession that began in the latter half of 2008, the Kuwaiti government scuttled the K-Dow partnership on 28 December 2008. The collapse of the deal dealt a blow to Dow CEO Andrew Liveris' vision of restructuring the company to make it less cyclical. However, on 6 January 2009 Dow Chemical announced they were in talks with other parties who could be interested in a major joint venture with the company. Dow also announced they that it would be seeking to recover damages related to the failed joint venture from PIC.
After the K-Dow deal collapsed, some speculated that the company would not complete the Rohm & Haas transaction, as the cash from the former transaction was expected to fund the latter. The deal was expected to be finalized in early 2009 and was to form one of the nation's largest specialty chemicals firms in the U.S. However, on 26 January 2009 the company informed Rohm and Haas that it would be unable to complete the transaction by the agreed upon deadline. Dow cited a deteriorated credit market and the collapse of the K-Dow Petrochemical deal as reasons for failing to timely close the merger. Around the same time, CEO Andrew Liveris said a first- time cut to the company's 97- year- old dividend policy was not "off the table". On 12 February 2009, the company declared a quarterly dividend of $0.15/share, down from $0.42 the previous quarter. The cut represented the first time the company had diminished its investor payout in the dividend's 97-year history.
The transaction to purchase the outstanding interest of Rohm and Haas closed on 1 April 2009. After negotiating the sale of preferred stock with Rohm and Hass' two largest stockholders and extending their one-year bridge loan an additional year, the company purchased Rohm and Haas for $15 billion ($78 a share) on 9 March 2009.
2007 dismissal of senior executives
On 12 April 2007, Dow dismissed two senior executives for "unauthorized discussions with third parties about the potential sale of the company". The two figures are executive vice president Romeo Kreinberg, and director and former CFO J. Pedro Reinhard. Dow claims they were secretly in contact with JPMorgan Chase; at the same time, a story surfaced in Britain's Sunday Express regarding a possible leveraged buyout of Dow. The two executives have since filed lawsuits claiming they were fired for being a threat to CEO Liveris, and that the allegations were concocted as a pretext. However, in June 2008 Dow Chemical and the litigants announced a settlement in which Kreinberg and Reinhard dropped their lawsuits and admitted taking part in discussions "which were not authorized by, nor disclosed to, Dow's board concerning a potential LBO" and acknowledged that it would have been appropriate to have informed the CEO and board of the talks.
2008 sale of zoxamide business
In summer 2008, Dow sold its zoxamide business to Gowan Company. Included in the sale were the trademarks for a potato and grape fungicide called Gavel (fungicide). It is employed by potato growers to control early and late potato blight and to suppress tuber blight, and is also registered in Canada for control of downy mildew in grapes, except in British Columbia.
2014 – New operating segments
In the fourth quarter of 2014, Dow announced new operating segments in response to its previously announced leadership changes. The company stated it would give further support to its end-market orientation and increase its alignment to Dow's key value chains – ethylene and propylene.
U.S. Gulf Coast investments
Several plants on the Gulf Coast of the US have been in development since 2013, as part of Dow's transition away from naphtha. Dow estimates the facilities will employ about 3000 people, and 5000 people during construction. The plants will manufacture materials for several of its growing segments, including hygiene and medical, transportation, electrical and telecommunications, packaging, consumer durables and sports and leisure.
Dow's new propane dehydrogenation (PDH) facility in Freeport, Texas, was expected to come online in 2015, with a first 750000 tonne per year unit, while other units would become available in the future. An ethylene production facility was expected to start up in the first half of 2017.
On 27 March 2015, Dow and Olin Corporation announced that the boards of directors of both companies unanimously approved a definitive agreement under which Dow will separate a significant portion of its chlorine business and merge that new entity with Olin in a transaction that will create an industry leader, with revenues approaching $7 billion. Olin, the new partnership, became the largest chlorine producer in the world.
2015 merger and 2019 separation with DuPont
On 11 December 2015, Dow announced that it would merge with DuPont, in an all-stock deal. The combined company, which was known as DowDuPont, had an estimated value of $130 billion, was equally held by the shareholders of both companies, and maintained their respective headquarters in Michigan and Delaware. Within two years of the merger's closure, DowDuPont was set to split into three separate public companies, focusing on the agriculture, chemical, and specialty product industries. Shareholders of each company held 50% of the combined company. In the new entity, Dow Chemical chief executive officer Andrew N. Liveris became executive chairman and DuPont chief executive officer Edward D. Breen became chief executive officer. In January 2017, the merger was pushed back a second time pending regulatory approvals.
The same day, Dow also announced that it had reached a deal to acquire Corning Incorporated's stake in their joint venture Dow Corning for $4.8 billion in cash and a roughly 40% stake in Hemlock Semiconductor Corporation.
In 2019, DowDuPont de-merged, forming Dow Inc. The spin-off was completed on 1 April 2019, at which time Dow Inc. became an independent, publicly traded company, and the direct parent company of The Dow Chemical Company. Also in 2019 Dow employees won an Adhesives and Sealants Council Innovation Award for "UV Curable Primer that Enables Hard to Bond INFUSE Olefin Block Copolymer Midsole Foams in High Performance Footwear".
Focus on higher margin business
Dow Chemical has begun to shed commodity chemical businesses, such as those making the basic ingredients for grocery bags and plastic pipes, because their profit margins only average 5–10%. Dow is, as of 2015, focusing its resources on specialty chemicals that earn profit margins of at least 20%.
Areas along Michigan's Tittabawassee River, which runs within yards of Dow's main plant in Midland, were found to contain elevated levels of the cancer-causing chemical dioxin in November 2006. The dioxin was located in sediments two to ten feet below the surface of the river, and, according to The New York Times, "there is no indication that residents or workers in the area are directly exposed to the sites". However, people who often eat fish from the river had slightly elevated levels of dioxin in their blood. In July 2007, Dow reached an agreement with the Environmental Protection Agency to remove 50,000 cubic yards (38,000 m3) of sediment from three areas of the riverbed and levees of the river that had been found to be contaminated. In November 2008, Dow Chemical along with the United States Environmental Protection Agency and Michigan Department of Environmental Quality agreed to establish a Superfund to address dioxin cleanup of the Tittabawassee River, Saginaw River and Saginaw Bay.
Sale of herbicide business
In December 2015, Dow Chemicals agreed to sell part of its global herbicide business, which had reported falling sales for nearly a year. A portfolio of weed killers known as dinitroanilines was sold to privately held Gowan Company, a family owned company located in Yuma, Arizona, which markets a variety of pesticides to the agricultural and horticultural industries. The global trademarks for Treflan (pesticide)®, which can be sprayed on field corn, cotton and some fruit and vegetables, were included in the sale, as well as a formulation and packaging facility in Fort Saskatchewan, Alberta, Canada. Edge (pesticide)®, Team (pesticide)®, Bonalan (pesticide)® and Sonalan (pesticide)®, intellectual property and labels for herbicides based on the molecules trifluralin, benfluralin and ethalfluralin were also included in the sale. Annual grasses and small seeded broadleaf weeds can be controlled with these products in a wide range of crops including cotton, beans, canola, cereals, crucifers, cucurbits, and vegetables. Dinitroanilines, are also known as "DNA herbicides", and have been commercialised at least since 1970.
In May 2020, Dow Chemical and many other areas in Midland County, Michigan were forced to evacuate due to high flooding which was caused by the breach of the Edenville and Sanford dams following two days of heavy rainfall in the area.
Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber. It is also a major producer of ethylene oxide, various acrylates, surfactants, and cellulose resins. It produces agricultural chemicals including the pesticide Lorsban and consumer products including Styrofoam. Some Dow consumer products, including Saran wrap, Ziploc bags, and Scrubbing Bubbles were sold to S. C. Johnson & Son in 1997.
Performance plastics make up 25% of Dow's sales, with many products designed for the automotive and construction industries. The plastics include polyolefins such as polyethylene and polypropylene, as well as polystyrene used to produce Styrofoam insulating material. Dow manufactures epoxy resin intermediates including bisphenol A and epichlorohydrin. Saran resins and films are based on polyvinylidene chloride (PVDC).
The Performance Chemicals (17 percent of sales) segment produces chemicals and materials for water purification, pharmaceuticals, paper coatings, paints and advanced electronics. Major product lines include nitroparaffins, such as nitromethane, used in the pharmaceutical industry and manufactured by Angus Chemical Company, a wholly owned subsidiary of The Dow Chemical Co. Important polymers include Dowex ion-exchange resins, acrylic and polystyrene latex, as well as Carbowax polyethylene glycols. Specialty chemicals are used as starting materials for production of agrochemicals and pharmaceuticals.
Dow Water and Process Solutions (DW&PS) is a business unit which manufactures Filmtec reverse osmosis membranes which are used to purify water for human use in the Middle East. The technology was used during the 2000 Summer Olympics and 2008 Summer Olympics. The DW&PS business unit remained with DowDuPont following the April 2019 spin-off.
Agricultural Sciences, or (Dow AgroSciences), provides 7 percent of sales and is responsible for a range of insecticides (such as Lorsban), herbicides and fungicides. Seeds from genetically modified plants are also an important area of growth for the company. Dow AgroSciences sells seeds commercially under the following brands: Mycogen (grain corn, silage corn, sunflowers, alfalfa, and sorghum), Atlas (soybean), PhytoGen (cotton) and Hyland Seeds in Canada (corn, soybean, alfalfa, navy beans and wheat). The Dow AgroSciences business unit was spun off into Corteva Inc, on 3 June 2019.
Basic plastics (26 percent of sales) end up in everything from diaper liners to beverage bottles and oil tanks. Products are based on the three major polyolefins – polystyrene (such as Styron resins), polyethylene and polypropylene.
Basic chemicals (12 percent of sales) are used internally by Dow as raw materials and are also sold worldwide. Markets include dry cleaning, paints and coatings, snow and ice control and the food industry. Major products include ethylene glycol, caustic soda, chlorine, and vinyl chloride monomer (VCM, for making PVC). Ethylene oxide and propylene oxide and the derived alcohols ethylene glycol and propylene glycol are major feedstocks for the manufacture of plastics such as polyurethane and PET.
Hydrocarbons and energy
The Hydrocarbons and Energy operating segment (13 percent of sales) oversees energy management at Dow. Fuels and oil-based raw materials are also procured. Major feedstocks for Dow are provided by this group, including ethylene, propylene, 1,3-butadiene, benzene and styrene.
For the fiscal year 2017, Dow Chemicals reported earnings of US$1.5 billion, with an annual revenue of US$62.5 billion, an increase of 29.8% over the previous fiscal cycle. Dow Chemicals shares traded at over $67 per share, and its market capitalization was valued at over US$121.1 billion in September 2018.
in mil. USD$
in mil. USD$
in mil. USD$
In 2003, Dow agreed to pay $2 million, the largest penalty ever in a pesticide case, to the state of New York for making illegal safety claims related to its pesticides. The New York Attorney General's Office stated that Dow AgroSciences had violated a 1994 agreement with the State of New York to stop advertisements making safety claims about its pesticide products. Dow stated that it was not admitting to any wrongdoing, and that it was agreeing to the settlement to avoid a costly court battle.
According to the United States Environmental Protection Agency (EPA), Dow has some responsibility for 96 of the United States' Superfund toxic waste sites, placing it in 10th place by number of sites. One of these, a former UCC uranium and vanadium processing facility near Uravan, Colorado, is listed as the sole responsibility of Dow. The rest are shared with numerous other companies. Fifteen sites have been listed by the EPA as finalized (cleaned up) and 69 are listed as "construction complete", meaning that all required plans and equipment for cleanup are in place.
In 2007, the chemical industry trade association – the American Chemical Council – gave Dow an award of 'Exceptional Merit' in recognition of longstanding energy efficiency and conservation efforts. Between 1995 and 2005, Dow reduced energy intensity (BTU per pound produced) by 22 percent. This is equivalent to saving enough electricity to power eight million US homes for a year. The same year, Dow subsidiary, Dow Agrosciences, won a United Nations Montreal Protocol Innovators Award for its efforts in helping replace methyl bromide – a compound identified as contributing to the depletion of the ozone layer. In addition, Dow Agrosciences won an EPA "Best of the Best" Stratospheric Ozone Protection Award. The United States Environmental Protection Agency (EPA) named Dow as a 2008 Energy Star Partner of the Year for excellence in energy management and reductions in greenhouse gas emissions.
Dow Chemical Company reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 33,100 Kt (+700/+2.2% y-o-y) and plans to reduce emissions 15% by 2030 from a 2019 base year.
|Dec 2018||Dec 2019||Dec 2020|
Board of directors
- Ajay Banga – president and CEO, MasterCard
- Jacqueline Barton – chemistry professor, California Institute of Technology
- James A. Bell – former president and CFO, Boeing
- Richard K. Davis - chairman of the board and chief executive officer of U.S. Bancorp
- Jeff Fettig – chairman and CEO, Whirlpool Corp.
- Jim Fitterling - chairman and CEO, Dow Inc.
- Andrew N. Liveris – former chairman and CEO, The Dow Chemical Co.
- Mark Loughridge - former chief financial officer, IBM
- Raymond J. Milchovich - lead director of Nucor and former chairman and CEO of Foster Wheeler AG
- Robert S. (Steve) Miller - International Automotive Components (IAC) Group
- Paul Polman – CEO Unilever PLC and Unilever
- Dennis H. Reilley – former chairman Covidien Ltd.
- James Ringler – vice chairman, Illinois Tool Works Inc.
- Ruth G. Shaw – former president and CEO, Duke Energy Corp.
- Samuel R. Allen – chairman and former CEO, Deere & Company
- Ajay Banga – president & CEO MasterCard
- Jacqueline Barton – chemistry professor, California Institute of Technology
- James A. Bell – former president and CFO Boeing
- Wesley G. Bush – chairman, Northrop Grumman
- Richard K. Davis – chairman and CEO of U.S. Bancorp; Make-A-Wish chairman
- Jeff Fettig – former chairman and CEO, Whirlpool Corp.
- Jim Fitterling – Dow Inc. chairman and CEO
- Jacqueline Hinman – former chairman, president and CEO of CH2M Hill
- Jill S. Wyant – EVP and president of global regions, Ecolab, Inc.
- Daniel W. Yohannes – former U.S. Ambassador to the Organisation for Economic Co-operation and Development
In September 2004, Dow obtained the naming rights to the Saginaw County Event Center in Saginaw, Michigan; the center is now called the Dow Event Center. The Saginaw Spirit (of the Ontario Hockey League) plays at the center, which also hosts events such as professional wrestling, live theater, and concerts.
In October 2006, Dow bought the naming rights to the stadium used by the Great Lakes Loons, a Single-A minor league baseball team located in its hometown of Midland, Michigan. The stadium is called Dow Diamond. The Dow Foundation played a key role in bringing the Loons to the city.
Lab Safety Academy
On 20 May 2013, Dow launched the Dow Lab Safety Academy, a website that includes a large collection of informational videos and resources that demonstrate best practices in laboratory safety. The goal of the website is to improve awareness of safety practices in academic research laboratories and to help the future chemical workforce develop a safety mindset. As such, the Dow Lab Safety Academy is primarily geared toward university students. However, Dow has made the content open to all, including those already employed in the chemical industry. The Dow Lab Safety Academy is also available through the Safety and Chemical Engineering Education program, an affiliate of American Institute of Chemical Engineers (AIChE); and The Campbell Institute, an organization focusing on environment, health and safety practices.
The Dow Lab Safety Academy is one component of Dow's larger laboratory safety initiative launched in early 2012, following a report from the U.S. Chemical Safety Board that highlighted the potential hazards associated with conducting research at chemical laboratories in academic institutions. Seeking to share industry best practices with academia, Dow partnered with several U.S. research universities to improve safety awareness and practices in the departments of chemistry, chemical engineering, engineering and materials. Through the pilot programs with U.C. Santa Barbara (UCSB), University of Minnesota, and Pennsylvania State University, Dow worked with graduate students and faculty to identify areas of improvement and develop a culture of laboratory safety.
In January 2011, The Nature Conservancy and The Dow Chemical Co. announced a collaboration to integrate the value of nature into business decision-making. Scientists, engineers, and economists from The Nature Conservancy and Dow are working together at three pilot sites (North America, Latin America, and TBD) to implement and refine models that support corporate decision-making related to the value and resources nature provides. Those ecosystem services include water, land, air, oceans and a variety of plant and animal life. These sites will serve as a “living laboratories”, to validate and test methods and models so they can be used to inform more sustainable business decisions at Dow and hopefully influence the decision-making and business practices of other companies.
Companies part-owned by Dow include:
- EQUATE Petrochemical Co. K.S.C.C.
- The Kuwait Olefins Company K.S.C.C.
- The Kuwait Styrene Company K.S.C.C.
- Map Ta Phut Olefins Company Limited
- SCG-DOW Group
- Sadara Chemical Company
- George Becker, former vice president of the AFL–CIO, and president of the United Steelworkers; worked at a Dow's aluminum rolling mill in Madison, Illinois, where he was a shop steward.
- Buddy Burris, professional football player with the Green Bay Packers; worked for Dow following his football career.
- Norman F. Carnahan, chemical engineer; worked at Dow's Plaquemines Parish, Louisiana division from 1965 to 1968.
- Sven Trygve Falck, Norwegian engineer, businessperson and politician; Dow engineer in Texas from 1967 to 1970.
- Larry Garner, Louisiana blues musician; worked at Dow's Baton Rouge, Louisiana facility.
- Bettye Washington Greene, first African-American female chemist employed at Dow; began working in 1965 at the E.C. Britton Lab.
- Alexandre Hohagen, vice president for Latin America and US Hispanics at Facebook; former public relations manager for Dow Chemical Brazil.
- Zdravko Ježić, Olympic silver medalist; worked for Dow in Texas on the development of urethane and oxide polymers.
- Claude-André Lachance, youngest person elected to the House of Commons of Canada (prior to 2011); director of public affairs for Dow Canada.
- Ray McIntire, inventor of Styrofoam; began working for Dow in 1940 and became a research director.
- Fred McLafferty, chemist who pioneered the technique of gas chromatography-mass spectrometry; began working at Dow's organic chemistry research laboratory in Midland, Michigan in the 1950s.
- John Moolenaar, member of the Michigan Senate and Michigan House of Representatives; worked as a chemist for Dow.
- George Andrew Olah, recipient of 1994 Nobel Prize in Chemistry; employed at Dow's Sarnia, Canada, plant in the late 1950s.
- Joseph Overton, political scientist who developed the Overton window concept; worked for Dow as an electrical engineer, quality specialist, and project manager.
- Forrest Parry, inventor of the magnetic stripe card; worked for Dow in the 1950s.
- Roy A. Periana, American organometallic chemist; worked for Dow at Midland, Michigan.
- Abu Ammaar Yasir Qadhi, conservative American Islamic cleric; worked for Dow after obtaining a chemical engineering degree from the University of Houston.
- Abraham Quintanilla Jr., singer-songwriter; former shipping clerk at Dow's Freeport, Texas facility.
- Sheldon Roberts, semiconductor pioneer who helped found Silicon Valley; former technical researcher at Dow.
- Alexander Shulgin, chemist and pharmacologist credited with introducing the drug MDMA ("ecstasy") to psychologists in the late 1970s; worked for Dow in the 1960s, where he invented Zectran, the first biodegradable insecticide.
- Mary P. Sinclair, environmental activist; former technical researcher at Dow.
- Huimin Zhao, Centennial Endowed Chair of Chemical and Bio-Molecular Engineering at the University of Illinois Urbana-Champaign; project leader at Dow's Industrial Biotechnology Laboratory.
- "Dow Inc. 2022 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. 1 February 2023.
- "The Dow Chemical Co. information and related industry information from Hoover's United Kingdom (UK)". hoovers.com.
- "Quote from John Tysse, Dow vice-president of sales and marketing". Retrieved 28 November 2007.
- https://businesswomen/news/home/20190401005899/en/Dow-completes-separation-DowDuPont[permanent dead link]
- "DowDuPont Completes Spin-off of Dow Inc" (Press release). PR Newswire. 1 April 2019.
- Baccardax, Martin (2 April 2019). "Dow Inc Debuts on NYSE, Dow Jones Industrial Average Following DowDuPont Spinoff". TheStreet.com.
- Luck, Marissa (8 March 2019). "Dow spin-off to emerge as major chemical company". Houston Chronicle.
- Bary, Andrew (29 March 2019). "How the Dow Spinoff Could Unlock Value and Offer a Rich Dividend". Barron's.
- "Hall of Fame Inventor Profile". National Inventors Hall of Fame. Archived from the original on 21 April 2007. Retrieved 24 June 2006.
- "Dow Chemical". University of Michigan Department of Geography. Archived from the original on 13 May 2006. Retrieved 24 June 2006.
- Brandt, E.N. (1997). Growth Company: Dow Chemical's First Century. East Lansing, Michigan: Michigan State University Press. ISBN 0-87013-426-4.
- "Herbert Henry Dow 1866–1930". Chemical Heritage Foundation. 2002. Archived from the original on 27 March 2007. Retrieved 5 April 2007.
- "Herbert Henry Dow". Michigan Walk of Fame. Archived from the original on 3 November 2006. Retrieved 5 April 2007.
- III, Kenneth E. Hendrickson (25 November 2014). The Encyclopedia of the Industrial Revolution in World History. Rowman & Littlefield. ISBN 9780810888883.
- "Dow To Exit Magnesium Business". www.chemicalonline.com. Retrieved 7 February 2020.
- Blum, Jordan (22 September 2017). "DowDuPont opens massive plastics plant in Freeport". HoustonChronicle.com. Retrieved 7 February 2020.
- "Dow to build new production facility in Freeport, Texas". www.reliableplant.com. Retrieved 7 February 2020.
- Herman, Arthur. Freedom's Forge: How American Business Produced Victory in World War II, pp. 118, 219, 312, 324–5, Random House, New York, NY. ISBN 978-1-4000-6964-4.
- "Locations - Dow". Dow.com.
- "Dow Chemical was big part of Sarnia for more than six decades". The Sarnia Journal. 30 December 2017. Retrieved 7 February 2020.
- Bowen, Shannan (6 May 2011). "Kure Beach looks to remedy debris left from Dow Plant historic site". Wilmington Star News. Archived from the original on 28 April 2020. Retrieved 7 February 2020.
- Halloran, Richard (16 October 1975). "japan Shelves Dow Plan For Two Chemical Plants". The New York Times. ISSN 0362-4331. Retrieved 7 February 2020.
- "The Postwar Boom | History | Dow Corporate". corporate.dow.com. Retrieved 16 April 2020.
- "Rocky Flats may soon open for recreation, but the feds skipped a study on plutonium exposure and the risk it poses to cyclists and hikers, lawsuit says". The Denver Post. 2 May 2018. Retrieved 7 February 2020.
- "Rocky Flats Reaches $375 Million Settlement". 2 May 2017.
- Cook, et al. v. Rockwell International Corp., et al. Archived 16 October 2014 at the Wayback Machine, Nos. 08–1224, 08–1226 and 08-1239 (U.S. Court of Appeals, 10th Circuit 3 September 2010)
- "Napalm History" Archived 6 October 2011 at the Wayback Machine Virginia Center for Digital History
- "US won't compensate Vietnam's Agent Orange victims: official". AFP. 6 June 2006. Archived from the original on 16 August 2007. Retrieved 28 November 2009.
- Ward, Ken Jr. "Supreme Court affirms Monsanto pollution settlement in Nitro". Charleston Gazette-Mail. Retrieved 29 May 2018.
- Kolata, Gina (21 June 1999). "Panel Confirms No Major Illness Tied to Implants". The New York Times. Retrieved 17 January 2023.
An independent panel of 13 scientists convened by the Institute of Medicine at the request of Congress has concluded that silicone breast implants do not cause any major diseases.
- Colas, André; Curtis, Jim (2004). Biomaterials Science, Second Edition: An Introduction to Materials in Medicine (PDF). Elsevier, Academic Press. ISBN 978-0-12-582463-7.
- AK Dubey (21 June 2010). "Bhopal Gas Tragedy: 92% injuries termed "minor"". First14 News. Archived from the original on 24 June 2010. Retrieved 26 June 2010.
- Stecklow, Steve (20 August 2009). "Fraud by Trial Lawyers Taints Wave of Pesticide Lawsuits". Wall Street Journal.
- "Dole must pay farmworkers $3.2 million", John Spano, Los Angeles Times, 6 November 2007.
- Hallman, Ben. – "Finding Plaintiffs Lawyers Committed Fraud, Judge Dismisses Tort Cases Against Dole and Dow Chemical". – The American Lawyer. – 27 April 2009.
- Keating, Gina. – "Judge throws out Dole "bananeros" cases, citing fraud"[dead link]. – Forbes. – 24 April 2009.
- Wood, Robert W. (27 February 2013). "Dow Chemical's $1 Billion Tax Shelter Stinks, Says Court". Forbes. Retrieved 23 March 2015.
- "Justice Department Prevails in Tax Shelter Case Involving $1 Billion in Tax Deductions". U.S Department of Justice (Press release). 27 February 2013. Retrieved 17 January 2023.
- "U.S. Justice Dept says wins $1 bln Dow Chemical tax shelter case". Reuters. 27 February 2013. Retrieved 17 January 2023.
- Britton, Khadijah M. (28 October 2014). "Dow Urges 5th Circ. To Rehear $1B Tax Shelter Case". Law360. Retrieved 17 January 2023.
- Pinto, Anet Josline (26 February 2016). "Dow Chemical settles price-fixing case after Justice Scalia's death". Reuters – via www.reuters.com.
- Charles R. Geisst (1 January 2009). Encyclopedia of American Business History. Infobase Publishing. pp. 121–. ISBN 978-1-4381-0987-9.
- CIO. 1 November 1998.
- Smith, Richard. "Creative destruction: capitalist development and China's environment." New Left Review (1997): 3–42.
- Nordqvist, Joseph (5 July 2014). "The Dow Chemical Co. – Company Information". MBN. Retrieved 6 October 2015.
- "Business this week". The Economist. 5 August 1999. Retrieved 6 October 2015.
- "Dow buying Union Carbide". CNN Money. 4 August 1999. Retrieved 6 October 2015.
- Kripalani, Manjeet (28 May 2008). "Dow Chemical: Liable for Bhopal?". Bloomberg. Retrieved 6 October 2015.
- "What is the history of William S Stavropoulos and the latest information about William S Stavropoulos?". Los Angeles Times. Archived from the original on 6 October 2015. Retrieved 6 October 2015.
- Warren, Susan (16 December 2002). "Dow Chemical Replaces CEO, Citing Poor Financial Results". Wall Street Journal. Retrieved 6 October 2015.
- "Dow Corporate News: William Stavropoulos to Retire as Chairman of Dow; Andrew Liveris Elected Chairman Effective April 1, 2006". Archived from the original on 18 February 2006.
- E. J. Salmon (28 September 2010). The Rise and Fall of Corporate America. Trafford Publishing. pp. 275–. ISBN 978-1-4269-4062-0.
- "Dow Announces Plant Closures To Strengthen Competitive Position". The Dow Chemical Co. 31 August 2006. Archived from the original on 19 October 2006. Retrieved 13 September 2006.
- "Dow closing operations in Sarnia, Fort Saskatchewan". CBCNews. Retrieved 7 October 2015.
- "It's been 30 years since the discovery of an infamous chemical puddle in the St. Clair River". lfpress.com. 16 July 2015.
- "History of the Chemical Industry in Lambton County – Sarnia Historical Society". Sarniahistoricalsociety.com.
- Matthew J. Bellamy (13 January 2005). Profiting the Crown: Canada's Polymer Corporation, 1942–1990. McGill-Queen's Press – MQUP. pp. 36–. ISBN 978-0-7735-7238-6.
- "Our History". Archived from the original on 29 July 2017. Retrieved 8 August 2017.
- Marc R. Roussel (5 April 2012). A Life Scientist's Guide to Physical Chemistry. Cambridge University Press. pp. 136–. ISBN 978-1-107-07994-6.
- "Sarnia residents shocked at news Dow plant closing - International Campaign for Justice in Bhopal". Bhopal.net.
- "Bluewater Energy Park - Bluewater River Centre - Industrial Land, Sarnia, Ontario". Archived from the original on 25 August 2017. Retrieved 24 August 2017.
- "The Dow Chemical Company Plans to Close Polystyrene Plant at Barry, UK". ChemEurope.com. 4 November 2005.
- Sinclair, Neil. "Dow rules out Eni purchase of Porto Marghera TDI". ICIS News. Retrieved 7 October 2015.
- ICIS Chemical Business. Reed Business Information. 2008.
- "Dow Chemical Job Cuts". The New York Times. AP. 5 December 2007. Retrieved 17 January 2023.
- "Dow Chemical Gets Kuwaiti Partner". The New York Times. AP. 14 December 2007. Retrieved 17 April 2008.
- Mohamed A. Ramady (19 October 2013). Political, Economic and Financial Country Risk: Analysis of the Gulf Cooperation Council. Springer Science & Business Media. pp. 102–. ISBN 978-3-319-02177-5.
- "Dow signs agreement to acquire Rohm and Haas". Canadian Plastics. 14 July 2008. Retrieved 7 October 2015.
- Gupta, Raj (November 2010). "How I Did It: Rohm and Haas's Former CEO on Pulling Off a Sweet Deal in a Down Market". Harvard Business Review. Retrieved 7 October 2015.
- Nocera, Joe (6 February 2009). "Dow Imperiled by Its Deal for Rohm & Haas". The New York Times. Retrieved 17 January 2023.
- Verbraeken, Hans. "Dow Chemical beticht Turkse branchegenoot van spionage". Het Financieele Dagblad. Retrieved 12 November 2015.
- "Dow Accelerates Implementation of its Transformational Strategy". 8 December 2008.
- Diana Elias (28 December 2008). "Kuwait scraps$17.4 billion venture with Dow Chemical". Detroit Free Press. Retrieved 28 December 2008.[dead link]
- "Dow Chemical Confirms Commitment to Transformational Corporate Strategy". 6 January 2009. Archived from the original on 12 January 2009.
- "Rohm and Dow shares fall on investor concern over deal". Reuters. 29 December 2008. Retrieved 2 January 2009.[dead link]
- "Dow Chemical agrees to buy Rohm & Haas". Chicago Tribune. 11 July 2008. Retrieved 11 July 2008.[permanent dead link]
- Dow Chemical to Buy Rohm and Haas, Wall Street Journal, 11 July 2008, p.B1
- Campoy, Ana (11 July 2008). "Dow Chemical to Buy Rohm & Haas". Wall Street Journal. Retrieved 7 October 2015.
- "Dow Chemical Confirms Rohm and Haas Acquisition Will Not Close On or Before January 27, 2009". 26 January 2009. Archived from the original on 29 January 2009. Retrieved 28 January 2009.
- "Against the Grain: Buy Dow Chemical!". The Street. Archived from the original on 5 October 2015. Retrieved 7 October 2015.
- Marvin, Chuck (13 February 2009). "Dow Chemical Likely Glad Week's Over". The Street. Retrieved 7 October 2015.
- James, Steve; Thomasch, Paul (2 April 2009). "Dow Chem buys Rohm and Haas". Reuters. Reuters. Retrieved 7 October 2015.
- Christopher Hinton (10 July 2008). "Dow Chemical to buy Rohm & Haas for $15 billion – MarketWatch". MarketWatch. Archived from the original on 28 January 2013. Retrieved 18 December 2012.
- "Former Dow executives fight back". Chemical and Engineering News. 14 May 2007. p. 12.
- "Case Closed". Chemical and Engineering News. 19 June 2008. p. 10.
- grainews.ca: "Gowan buys Dow’s Gavel potato fungicide", 18 July 2008
- "Dow Chemical Announces Realignment of External Reporting Segments". Street Insider. Retrieved 7 October 2015.
- Pinch, Lauren. "Boom Days Ahead for Natural Gas Sector". Construction Executive. Retrieved 13 November 2015.
- "Dow Chemical to Build Several Plants on US Gulf Coast". Global Processing. Archived from the original on 17 November 2015. Retrieved 16 October 2015.
- "EPCA '14: Half of US PDH projects to be delayed or shelved – exec". ICIS News. Retrieved 7 October 2015.
- Protti-Alvarez, Francinia; Boswell, Clay. "Ascend plans $1.2-billion PDH plant at Chocolate Bayou". IHS Chemical Week. Retrieved 7 October 2015.
- "Dow Chemical's Ethylene Production Plant, Freeport, Texas, United States of America". ChemicalsTechnology. Retrieved 7 October 2015.
- "Dow Chemical to expand polyethylene and propylene production in Argentina". ChemicalsTechnology. Retrieved 7 October 2015.
- Chatsko, Maxx (15 February 2015). "5 Things Dow Chemical Company Management Wants You to Know". The Motley Fool. Retrieved 7 October 2015.
- Gelles, David (27 March 2015). "Dow Chemical to Merge Unit With Olin". The New York Times. Retrieved 7 October 2015.
- Fisher, Daniel. "Will $5B Sale Of Dow Chemical's Chlorine Business Silence Its Critics?". Forbes. Retrieved 6 October 2015.
- Gara, Antoine (11 December 2015). "Dow And DuPont Merge In $130B Deal That Will Create DowDuPont, Before Breaking It Apart". Forbes. Retrieved 17 January 2023.
- Picker, Leslie; de la Merced, Michael J. (11 December 2015). "Dow Chemical and DuPont Set Merger and Plans to Split". The New York Times. ISSN 0362-4331. Retrieved 7 February 2020.
- Harwell, Drew (11 December 2015). "Dow and DuPont, two of America's oldest giants, to merge in jaw-dropping megadeal". The Washington Post. Retrieved 17 January 2023.
- Bomey, Nathan (11 December 2015). "Dow Chemical, DuPont reach deal on merger". USA Today. Retrieved 17 January 2022.
- Jordan, Heather (13 January 2017). "Dow takeover of Dow Corning, pending DuPont merger dominate 2016 business news". mlive. Retrieved 17 January 2023.
- Root, Al (30 April 2019). "DowDuPont Is Splitting Into 3 Companies. Here's Everything You Need to Know". Barrons. Retrieved 17 January 2023.
- "Innovation Awards - Adhesive and Sealant Council". www.ascouncil.org. Retrieved 10 August 2023.
- Cameron, Doug (3 December 2013). "Dow Chemical Launches Makeover". Wall Street Journal. Retrieved 7 October 2015.
- Barringer, Felicity (4 July 2007). "E.P.A. and Dow in Talks on Dioxin Cleanup at Main Factory". The New York Times. Retrieved 17 April 2008.
- Barringer, Felicity (18 July 2007). "Michigan: Dioxin Deal". The New York Times. Retrieved 17 April 2008.
- "Superfund Alternative Site possible on Tittabawassee". 11 November 2008. Archived from the original on 21 July 2012. Retrieved 12 November 2008.
- producer.com: "Dow sells popular herbicides Treflan and Edge to Gowan", 10 December 2015
- "Dow sells portfolio of herbicides amid consolidation drive". Reuters. 2 December 2015.
- dowagro.com: "Gowan Company, L.L.C. Agrees to Acquire Global DNA Business from Dow AgroSciences LLC", 30 November 2015
- Spangler, Angie Jackson and Todd. "'Do not hesitate': Michigan governor urges evacuations, warns Midland could be under 9 feet of water". USA TODAY.
- "Dow sells consumer unit". CNN Money. 28 October 1997. Retrieved 13 December 2010.
- Chemical and Engineering News, Vol. 84, Issue 22 (29 May 2006), pp 10–15
- "Angus Chemical Co". The Dow Chemical Co. Archived from the original on 21 April 2006. Retrieved 26 June 2006.
- "Dow's Filmtec to help manage ME water needs". Trade Arabia. Retrieved 26 August 2008.
- Tomson, Bill (24 May 2017). "US-China agreement spurs cautious optimism from seed companies". Agri Pulse. Retrieved 24 May 2017.
- Lingle, Mark (23 April 2020). "Dow and Ineos Make Hand Sanitizer to Fight COVID-19". Plastics Today. Retrieved 30 March 2020.
- "Dow Chemical Revenue 2006-2018 | DWDP". Macrotrends.net. Retrieved 28 October 2018.
- "Dow AgroSiences agrees to pay $2M to state over pesticide ads". Albany Business Review. 15 December 2003. Retrieved 8 March 2015.
- "Company News – Dow Chemical Unit to Pay $2 Million Penalty for Ads". The New York Times. AP. 16 December 2003. Retrieved 6 March 2015.
- "Dow Subsidiary To Pay $2 Million For Making False Safety Claims In Pesticide Ads". New York State Office of the Attorney General (Press release). 15 December 2003. Retrieved 17 January 2023.
- "Uravan Uranium". 8 September 2004. Archived from the original on 8 September 2004. Retrieved 28 February 2012.
- "Union Carbide ad". Uravan.com. 20 February 2000. Retrieved 28 February 2012.
- "Center for Public Integrity". Archived from the original on 22 October 2007.
- "Dow Wins 2006 ACC Responsible Care Energy Efficiency Award – Press Releases on CSRwire.com". www.csrwire.com.
- "Dow Agrosciences Wins UN Award for Methyl Bromide Alternative". Seed Today. 21 September 2007. Archived from the original on 22 August 2011. Retrieved 28 February 2012.
- "EPA Names The Dow Chemical Co. 2008 Energy Star Partner of the Year". MSN. 14 March 2008. Retrieved 18 March 2008.[permanent dead link]
- "Dow Chemical Company's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on 3 July 2021. Alt URL
- "Dow Chemical Company's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on 3 July 2021. Alt URL
- "Dow Chemical Company's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on 3 July 2021. Alt URL
- "Board of Directors". Dow. Archived from the original on 13 March 2017. Retrieved 30 March 2017.
- Board of Directors. Dow.com. Retrieved on 17 August 2013.
- "Richard K. Davis". Dow. Archived from the original on 17 March 2017. Retrieved 30 March 2017.
- "Mark Loughridge". Dow. Retrieved 30 March 2017.
- "Raymond J. Milchovich". Dow. Retrieved 30 March 2017.
- "Robert S. (Steve) Miller". Dow. Retrieved 30 March 2017.
- "Board of Directors". Dow. Retrieved 1 May 2020.
- "Company Overview of Dow Inc". Bloomberg L.P. 28 June 2023.
- "Dow signs as top-tier Olympics sponsor". ESPN. Associated Press. 16 July 2010. Retrieved 20 May 2017.
- International Olympic Committee (16 July 2010). "Dow Chemical Company joins the top Programme". Olympic.org. Retrieved 20 May 2017.
The agreement positions Dow as an official Worldwide Olympic Partner and the official Chemistry company for the Olympic Movement through to 2020...
- "The Dow Event Center". The Dow Chemical Co. Archived from the original on 27 April 2006. Retrieved 27 June 2006.
- "Welcome to the Dow Event Center". Dow Event Center. Retrieved 27 June 2006.
- Twitter, Gary Graff ggraff@digitalfirstmedia com; @GraffonMusic on. "Bob Seger rocks Saginaw as Final Tour resumes". The Oakland Press. Retrieved 28 February 2019.
|last=has generic name (help)CS1 maint: multiple names: authors list (link)
- Magnay, Jacquelin (12 March 2012). "Dow Chemical Co". The Daily Telegraph. Archived from the original on 12 January 2022. Retrieved 31 May 2012.
- "Dow Chemical Unveils Safety Website". The Daily Telegraph. Retrieved 17 June 2013.
- "Experimenting With Danger". U.S Chemical Safety Board. Retrieved 17 June 2013.
- "Nature Conservancy and Dow announce collaboration". Archived from the original on 20 September 2014. Retrieved 27 June 2013.
- "Nature Conservancy and Dow announce collaboration pilot sites in Brazil". Archived from the original on 1 December 2012. Retrieved 27 June 2013.
- "The Economics of Ecosystems". Retrieved 27 June 2013.
- "Former Steelworker President George Becker Dies". United Steelworkers. 5 February 2007.
- "Paul 'Buddy' Burris". Norman Transcript. Retrieved 1 December 2014.
- "Norman Carnahan". Acadian Museum. Retrieved 1 December 2014.
- "Falck, Sven Trygve ( 1943– )". Stortinget. Retrieved 1 December 2014.
- Dahl, Bill. "Artist Biography". AllMusic. Retrieved 1 December 2014.
- "Othmeralia". Othmeralia. 1 March 2014.
- "Alexandre Hohagen – Regional Managing Director for Latin America". Retrieved 1 December 2014.
- Trinajsti, Nenad (January 2005). "Zdravko Pusko Ježić". Croatica Chemica Acta.
- "Dow Chemical Canada Inc / Claude-Andre Lachance, Director, Public Affair". Office of the Commissioner of Lobbying of Canada. 5 September 2014. Archived from the original on 22 December 2015.
- "Ray Mcintire, 77, Chemist Who Invented Styrofoam By Accident". Chicago Tribune. 4 February 1996.
- Yu, Kate (1 February 2013). "Man of the Masses". LCGC Europe. LCGC Europe-02-01-2013. Chromatographyonline.com. 2 (26): 86–90–86–90.
- Tower, Mark (6 August 2014). "Sen. John Moolenaar Defeats Paul Mitchell in 4th District Congressional Republican Primary Race". mlive.
- "George A. Olah – Biographical". Nobel Foundation. Retrieved 1 December 2014.
- "Mackinac VP Overton Killed in Plane Crash". The Heartland Institute. 1 September 2003.
- Sherratt, Gerald R. (6 October 2011). "Cedar City Native Invented the Credit Card". Iron County Today. Archived from the original on 18 October 2015.
- "Roy A. Periana". Scripps Research Institute. Retrieved 1 December 2014.
- Munahid, Ahmad (23 April 2012). "Abu Ammaar Yasir Qadhi: The Sign of Inspiration for Muslim Youth". Islamic Scholars Worldwide.
- Mitchell, Rick (25 March 2005). "In Life, She Was the Queen of Tejano Music. In Death, the 23-Year-Old Singer Became a Legend". Houston Chronicle.
- "C. Sheldon Roberts '48". Rensselaer Polytechnic Institute. Retrieved 1 December 2014.
- Brown, Ethan (4 June 2014). "Chemist Alexander Shulgin, Who Inspired 'Psychonauts' Movement, Dead at 88". Al Jazeera America.
- "Mary P. Sinclair". Midland Daily News. 15 January 2011.
- "Huimin Zhao". John Simon Guggenheim Memorial Foundation. Archived from the original on 5 February 2015. Retrieved 1 December 2014.
- Ray H. Boundy, J. Lawrence Amos. (1990). A History of the Dow Chemical Physics Lab: The Freedom to be Creative. M. Dekker. ISBN 0-8247-8097-3.
- E. Ned Brandt. (2003). Growth Company: Dow Chemical's First Century. Michigan State University Press. ISBN 0-87013-426-4 online book review
- Don Whitehead and Max Dendermonde. (1968). The Dow Story: The History of the Dow Chemical Co. McGraw-Hill. ISBN 90-800099-9-7.
- Media related to Dow Chemical Company at Wikimedia Commons
- Official website
- Business data for Dow Inc.:
- Dow Chemical Company Historical Image Collection Science History Institute Digital Collections (An extensive collection of photographs and slides depicting the facilities, operations, and products of The Dow Chemical Company, primarily dating from the second half of the 20th century).
- Advertisements from the Dow Chemical Historical Collection Science History Institute Digital Collections (An extensive collection of domestic print advertisements, leaflets, posters, and other ephemera for various brands of The Dow Chemical Company, primarily taken from magazines published between 1921 and 1993).