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Headquarters:
2030 Dow Center
Midland, MI 48674
Employees: 43,000
CEO: Andrew Liveris
Stock Quote: DOW
Website:
http://www.dow.com
Career
Site
Dow develops chemicals, plastics and agricultural
products that serve numerous industries and consumer markets.
Dow has customers in 175 countries and a wide range of markets
that are vital to human progress from food, transportation, health
and medicine, personal and home care, and building and construction.
Some of the innovations Dow has developed
include: preservatives in foods, antifreeze for airplanes, plastic
wraps, pesticides for trees, and additives used in gasoline.
The company announced in December it will
cut 1,000 jobs to reduce costs. The cuts could save Dow $180
million per year. The company also plans to exit the auto sealers
business in the next 18 months and streamline European operations.
In 2006, Dow reported revenues of $49.1
billion and net income of $3.72 billion.
Dow Product Highlights
- STYROFOAM brand insulation is producing more energy efficient
homes around the world. In North America alone, over 2 million
homes are insulated with STYROFOAM, resulting in $200 Million
per year in energy savings and a significant reduction in fossil
fuel consumption and carbon dioxide emissions.
- Dow's manufacturing experts are being contracted to create
innovative and life saving pharmaceutical products such as RenaGel,
a promising new drug for kidney failure patients.
- Dow AgroSciences provides farmers globally with crop protection
products. New innovations such as biotechnology are reducing
environmental risks associated with crop protection products
and improving the agricultural industry's ability to feed the
world.
- Dow's Ion Exchange resins are used to purify water around the
world for drinking water, power plants, wastewater treatment
and pharmaceuticals.
- Dow paper coating polymers are used in the paper and board
industry to improve strength, brightness, opacity and readability
for brochures, graphics and books.
- Dow epoxy technology makes it possible to create lighter, larger
and more durable windmill blades offering higher energy yields,
increasing the use of renewable energy.
- Innovative Dow thermoplastic resins eliminate the need for
paint in consumer products such as TV, reducing volatile organic
compound emissions and improving the recyclability of TV cabinets.
- Saran resins provide food protection, extending the food available
to the world. In developing countries where refrigeration is
scarce, meat products are extruded into a sausage covered with
Saran film that can be shipped and stored without refrigeration
for up to six months.
- Dow's heat transfer fluids provide freeze and burst protection
allowing the US Antarctic Program's McMurdo Station to remain
operable in temperatures as low as 60 degrees Fahrenheit.
- Polyurethane material from Dow offers automobile part manufacturers
better cushioning for seats and reduction in noise, vibration
and harshness in interior parts.
History
On May 18, 1897, The Dow Chemical Company
is incorporated, based on Herbert H. Dow's plan to manufacture
and sell bleach on a commercial scale. In 1898, the first commercial
production of bleach begins. In 1906, Dow produces sodium benzoate
as food preservative. The company exited the bleach business
in 1913 to focus on production of chlorine. Dow established its
first research lab in 1919. Dow Chemical was formed in 1951.
Saran wrap was introduced in 1953 for household use.
Benefits
Dow contributes, on average, an additional
$.40 per dollar of pay toward the cost of benefits for employees.
Medical, dental insurance is provided along
with health care reimbursement accounts.
Dow offers eight holidays per year and
two personal days for use. New employees receive 14 days of vacation
for the first two years; 15 days at 3-4 years, 19 days at 5-9
years; 21 days at 10-14 years and 28 days at 30 years of service.
Most employees can borrow 5 days of vacation from the next year
to use.
The company also provides a pension plan
that vests after 5 years. A 401(k) plan and employee stock purchase
is also offered.
Some Dow sites offer fitness centers, dieticians
and massages.
Updated December 8, 2007
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