Andrew Liveris Appointed Co-chair of Saudi-U.S. CEO Forum
Andrew
Liveris, Dow’s chairman and chief executive officer, has been
appointed co-chair of the newly launched Saudi-U.S.
CEO Forum – created to demonstrate the strategic partnerships
between the two countries with the aim of mutual value creation and job
growth.
The inaugural annual forum, under the theme “Partnership for
Generations,” convened chief executive officers of major Saudi and U.S.
companies spanning several industries with senior Saudi government
officials. Discussions focused on opportunities to enhance bilateral
trade and investments, strengthen economic ties and business
relationships, and explore partnership and investment opportunities
aligned to Saudi Arabia’s Vision 2030.
“Dow greatly values its long-standing, strategic partnerships and
relationships in the Kingdom of Saudi Arabia,” said Liveris. “I am
honored to play a key role in advancing Saudi Arabia’s Vision 2030 plan
designed to create a vibrant society and thriving diversified economy.”
Dow has been investing in Saudi Arabia for more than 40 years and is the
largest foreign investor in the country.
Dow maintains several joint ventures in the region including Sadara
Chemical Company, a joint venture with Saudi Arabian Oil Company (Saudi
Aramco). Comprising 26 manufacturing units, Sadara is one of the world’s
largest integrated chemical facilities and the largest ever built in a
single phase.
In addition to Sadara, Dow maintains a joint ventures with Juffali &
Brothers, and Saudi Acrylic Monomer Company (SAMCo). Additional
strategic investments include agreements with King Abdullah University
of Science and Technology (KAUST) to construct a new Dow
Middle East Research and Development Center, and a Reverse Osmosis
manufacturing facility – the first unit of its kind outside of the
United States. In June, 2016, Dow became the first company to receive
a trading license from the Government of Saudi Arabia, allowing 100
percent ownership in the country’s trading sector.
Dow currently has more than 500 employees in the country.
About Dow
Dow (NYSE: DOW) combines the power of science and technology to
passionately innovate what is essential to human progress. The Company
is driving innovations that extract value from material, polymer,
chemical and biological science to help address many of the world's most
challenging problems, such as the need for fresh food, safer and more
sustainable transportation, clean water, energy efficiency, more durable
infrastructure, and increasing agricultural productivity. Dow's
integrated, market-driven portfolio delivers a broad range of
technology-based products and solutions to customers in 175 countries
and in high-growth sectors such as packaging, infrastructure,
transportation, consumer care, electronics, and agriculture. In 2016,
Dow had annual sales of $48 billion and employed approximately 56,000
people worldwide. The Company's more than 7,000 product families are
manufactured at 189 sites in 34 countries across the globe. References
to "Dow" or the "Company" mean The Dow Chemical Company and its
consolidated subsidiaries unless otherwise expressly noted. More
information about Dow can be found at www.dow.com.
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Copyright Business Wire 2017
Source: Business Wire
(May 20, 2017 - 8:35 AM EDT)
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