Focus - The Dow Chemical Company

More documents

Recommendations

Info

8 The Dow Chemical Company Dow XLA elastic fibers offer consumers new “comfort stretch” in apparel Focus while providing Dow’s customers with improved processing efficiencies over incumbent elastics at the yarn covering and textile weaving stages.
The key to Dow’s success is being highly focused on the needs of our customers and the ultimate end user. This helps ensure that the technologies in our labs today become the “real world” successes of tomorrow, delivering value to Dow and our stakeholders. Working hand-in-hand with our customers, Dow has helped discover, develop and bring to market high-value solutions to many marketplace challenges. Dow’s actions range from helping customers overcome technical issues and meet industry goals, to improving established materials and even developing new and exciting consumer products. An excellent example is Dow Automotive, which works with automakers and their suppliers to translate scientific innovation into products and systems that enable the industry to meet its goals. Betafoam polyurethane foam from Dow Automotive provides a safer and quieter ride in the 2003 Cadillac CTS from General Motors. The automaker uses the product in the vehicle’s frame to provide the necessary structural enhancement for compliance with stringent front and offset crash safety requirements. Another Betafoam product is used in the body of the luxury car to seal the vehicle and eliminate wind and road noise. ed A constant focus on customers has also made our Emulsion Polymers business a leading supplier to carpet, paper and paperboard manufacturers for more than 50 years. The Emulsion Polymers business invests in state-of-the-art testing facilities around the globe where Dow technical experts conduct a wide range of innovative research. This allows Dow to offer customized solutions that meet specific customer needs. The strong customer positions the business enjoys are indicative of Dow’s commitment to quality products and value-added services. Additionally, in response to growing demand in the carpet industry for sustainable products, Dow Polyurethanes introduced Biobalance polymers. This new soybean-based technology replaces a portion of the petroleum-based material required to make polyurethane carpet backings. This breakthrough technology addresses industry needs while supporting the agricultural community. In 2002, Dow launched a new business offering, BioAqueous solubilization services, which leverages unique Dow technology and advanced pharmaceutical process expertise to enhance the ability of drugs to rapidly dissolve in the body. Dow works directly with major pharmaceutical manufacturers to create more effective medicines, which are highly sought after by doctors and patients. We also use biotechnology processes to manufacture new drugs and vaccines for pharmaceutical companies, and we’re making strides toward capitalizing on the promises of plant-based biopharmaceuticals. Our intense focus on customers and end users is the reason why many of the world’s most successful companies, such as Procter & Gamble (P&G), choose Dow as their leading supplier for a wide range of products and services—from packaging resins and functional ingredients, to custom processing and supply chain services. Dow and P&G maintain cross-functional teams who work together to find synergies and deliver value to both companies. A joint packaging steering team, for example, takes advantage of Dow’s core competence in plastic packaging to improve P&G’s consumer purchase and usage experience. The result is a positive bottom-line impact for both companies. The Dow Chemical Company 9 >
Page 1 and 2: The Dow Chemical Company 2002 Annua
Page 3 and 4: 2002 Financial Highlights IN MILLIO
Page 5 and 6: • Continued growth in Asia, where
Page 7 and 8: Board of Directors at March 1, 2003
Page 9: At Dow, we continue to shape, simpl
Page 13 and 14: A steadfast and disciplined approac
Page 15 and 16: Dow is working to conserve water at
Page 17 and 18: Living. Improved daily. Corporate S
Page 19 and 20: Fabricated Products business manufa
Page 21 and 22: Polypropylene business, a major glo
Page 23 and 24: 2002 Financial Report Management’
Page 25 and 26: Management’s Discussion and Analy
Page 43 and 44: Consolidated Statements of Income (
Page 45 and 46: Consolidated Statements of Cash Flo
Page 47 and 48: Consolidated Statements of Comprehe
Page 49 and 50: Notes to the Consolidated Financial
Page 61 and 62:
Notes to the Consolidated Financial
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Quarterly Statistics IN MILLIONS, E
Page 77 and 78:
Eleven-Year Summary of Selected Fin
Page 79 and 80:
�Mission To constantly improve wh
show all

Focus - The Dow Chemical Company

Create successful ePaper yourself

Delete template?

Save as template?