MOSCOW (MRC) -- The Dow Chemical Company has announced the reshuffle of its leaders in the Asia-Pacific region, which represents a major growth area for the company, said Nationmultimedia.
Pat Dawson, president of Dow Asia Pacific, has been named senior vice president for Dow's global epoxy business and corporate project development; Peter Sykes, president of Dow Greater China, will assume the role of president of Dow Asia Pacific; and Peter Wong, Asia-Pacific commercial vice president for packaging and speciality plastics, will now serve as president of Dow Greater China.
The transition will be completed in the coming one or two months.
Since 2008, Dow Asia Pacific has doubled its number of plants and employees, with the revenue from the region increasing from USD6.2 billion (Bt180 billion) to USD10.2 billion (Bt320 billion) in 2012, and now making up 18% of Dow's global sales.
Dow says its strategy in this region is to cultivate key partnerships with customers, local governments, and valuable external stakeholders, recruit and develop local talent, penetrate key markets, and broaden the impact of its leading innovation capabilities.
In the past year, Dow has continued to expand its regional coverage, including office openings in Chengdu and Harbin in China, and new manufacturing facilities in Vietnam, Thailand, China and South Korea.
The Shanghai Dow Centre, a state-of-the-art research-and-development facility, is now home to more than 80 laboratories and employs more than 500 scientists, who through world-class expertise and collaboration with key partners, including customers and universities, focus primarily on delivering applications for solutions for Asia-Pacific and global markets.
In his new role as president of Dow Asia Pacific, Sykes will assume responsibility for identifying new business opportunities, ensuring organisational vitality, and supporting the implementation of Dow's business strategies across the entire region. He will be located in Shanghai, with a second office in Hong Kong.
As president for Dow Greater China, Peter Wong will lead all geographic activities in mainland China, Hong Kong and Taiwan. He will assume responsibility for developing business opportunities, engaging and cultivating critical stakeholder relationships key to business success, attracting and retaining talent, and implementing Dow's business strategies in Greater China. Wong will report to Sykes.
"Greater China is Dow's second-largest international market in terms of sales, and is an incredibly dynamic and strategically significant region. I am looking forward to working together with our energised teams, and our key stakeholders, to find even more ways to be a preferred partner and solutions provider in Greater China," Wong said.
As MRC wrote before, Dow Chemical has signed a long-term ethylene off-take agreement with a new Japanese joint venture that will allow the chemical producer to enhance its performance plastics franchise. The joint venture is being formed between Japanese companies Idemitsu Kosan and Mitsui & Co. to construct and operate a Linear Alpha Olefins unit on the U.S. Gulf Coast.
The Dow Chemical Company is an American multinational chemical corporation headquartered in Midland, Michigan, United States. Dow is a large producer of plastics, including polystyrene (PS), polyurethane, polyethylene (PE), polypropylene (PP), and synthetic rubber. In 2012, Dow had annual sales of approximately USD57 billion. The Company"s more than 5,000 products are manufactured at 188 sites in 36 countries across the globe.
MRC