Focus - The Dow Chemical Company

Year in Review
First Quarter
• Dow declares 362nd consecutive
cash dividend.
•Dow Custom & Fine Chemicals
global business unit forms two
contract services businesses,
Dowpharma and Dow Haltermann
Custom Processing, to focus
on the needs of customers in
pharmaceutical, biopharmaceutical,
and custom and fine
chemicals industries.
• The U.S. Environmental Protection
Agency awards “Stratospheric
Ozone Protection Awards” to
Dow AgroSciences LLC for the
development of alternatives to
methyl bromide, a widely used
agricultural and structural fumigant.
• Cargill Dow Polymers LLC, a joint
venture of Cargill Incorporated
and Dow, begins operation of
its first world-scale polylactide
manufacturing plant in Nebraska
to turn corn into commercialgrade
plastic.
> 14 The Dow Chemical Company
Second Quarter
• Dow declares 363rd consecutive
cash dividend.
• Dow holds 105th Annual Meeting
of Stockholders.
•Dow and Sumitomo sign joint
development agreement to
enhance run-flat tire PAX
System technology.
• Dow receives “Sustained
Excellence Award” from American
Chemistry Council for demonstrating
excellent safety records
over three-year period.
•U.S. President George W. Bush
presents The National Medal of
Technology to Dow for leadership
in science and technology, for
the vision to create great science
and innovative technology in the
chemical industry, and for the
positive impact that commercialization
of this technology has
had on society.
• Dow spearheads the formation
of a chemical industry forum to
develop a sector-wide cybersecurity
strategy, contributing to
the U.S. government’s National
Strategy to Secure Cyberspace.
• Dow AgroSciences receives full
food and feed approval from
Japanese regulatory agencies for
Herculex I Insect Protection, a
genetically-engineered trait that
provides resistance to European
corn borer, black cut worm, and
other insects in corn.
Third Quarter
•Allan D. Gilmour elects to retire
from Dow Board of Directors.
•Dow and BASF announce plans to
join in the development of technology
for the manufacture of
propylene oxide, utilizing hydrogen
peroxide as a key raw material.
•Dow earns “R&D 100 Award”
from R&D Magazine for Quash
sound management foam.
•Dow receives third consecutive
“CIO 100” award for exemplary
business integration.
• Dow announces that beginning
in the first quarter of 2003, it will
expense stock options granted
to employees.
• Dow declares 364th consecutive
cash dividend.
•Dow Europe GmbH announces
intention to build a second
world-scale PET production
train at its integrated Buna Sow
Leuna Olefinverbund site in
Schkopau, Germany.
• 2002 Dow Jones Sustainability
Group Index includes Dow for
fourth consecutive year.
•Dow Fiber Solutions, a new business
within the global Polyolefins
and Elastomers portfolio of Dow,
introduces Dow XLA elastic fiber
to the global textile marketplace.
Fourth Quarter
• Dow Automotive dedicates new
state-of-the-art production facility
within Ford Motor Company’s
newest manufacturing site in
Brazil, providing “pellet-to-part”
manufacturing for more than 20
parts on the Ford Fiesta, as well
as ongoing technical development,
R&D, manufacturing and
production expertise.
• Dow Plant-Based
Biopharmaceuticals acquires
global, exclusive assignment
of patents involving significant
technology for enabling the
production of mammalian-like
glycans in plants.
•Dow releases its Global Public
Report, highlighting company
progress on sustainability goals.
• Dow and the OPTIMAL Group
of Companies—affiliates of Dow
and PETRONAS, the national oil
and gas company of Malaysia—
announce the start-up of all units.
The facility includes a cracker to
manufacture ethylene and propylene,
and various production units
for downstream products in the
Chemicals and Performance
Chemicals segments.
• Dow Emulsion Polymers and
Metso Paper sign cooperation
agreement to develop and bring
to market a new paper- and
board-coating process.
•Dowpharma business
announces plans for commercial
production capabilities for oligonucleotides,
which are segments
of chemically synthesized DNA
used in pharmaceuticals.
•Emulsion Polymers business
inaugurates styrene-butadiene
latex plant in Zhangjiagang,
The People’s Republic of China.
•Dow receives Modern Plastics
magazine’s “2002 Humanitarian
Award” for its involvement in
many charitable programs around
the world.
•Dow and Asahi Kasei polystyrene
joint venture starts production at
Zhangjiagang, The People’s
Republic of China.
•Dow announces 365th consecutive
cash dividend.
•Dow board of directors elects
William S. Stavropoulos as president
and chief executive officer,
succeeding Michael D. Parker.