Shanghai: U.S. materials science giant Dow has announced its intention to deepen its commitment to the Chinese market through consistent investment and strengthened partnerships, aiming to leverage the opportunities presented by China’s transition towards a greener and smarter economy.
According to Namibia Press Agency, Dow Asia Pacific President Puay Koon Chia expressed optimism about the company’s growth prospects in China during the 7th China International Import Expo (CIIE). Celebrating its 45th year of operations in China, Dow continues to consider the nation as its largest overseas market outside the United States. The company has established a comprehensive network in China, focusing on the innovation, development, and production of chemicals, plastics, and advanced materials used in sectors such as packaging, infrastructure, consumer care, and new energy.
Puay Koon, who first arrived in China in 2000, finds the country’s transformation “exciting.” She highlighted China’s economic shift from rapid gr
owth to high-quality development, emphasizing the increasing customer demand for circular and low-carbon solutions as a significant change. Dow’s response to these evolving market conditions is evident at its CIIE booth, featuring a variety of high-tech material solutions for sustainability, including a thermally conductive gel for electronics technology that made its global debut at the expo.
This year marks Puay Koon’s second attendance at the CIIE, which she described as a “great platform for launching new technologies.” Dow has been a consistent participant in the expo, having introduced approximately 90 new products and technologies and securing over 50 strategic partnership agreements across the seven editions of the event. The CIIE serves as a crucial venue where innovation takes center stage, fostering potential partnerships that often begin with simple conversations.
Dow showcased its most comprehensive lineup at this year’s CIIE and achieved a record number of agreements signed since it first part
icipated in 2018. The firm also established a special exhibition area to highlight its rapid expansion and notable achievements in China since 1979, including the Shanghai Dow Center, the company’s largest integrated R and D center outside the United States.
Despite a slowdown in headline GDP growth, Puay Koon maintains that China remains an attractive market due to its large and stable economy, efficient supply chains, skilled workforce, and innovation drive. Over the past two decades, Dow has consistently invested in new production lines every 12 to 18 months at its Zhangjiagang manufacturing site in eastern China, a trend the company intends to continue.
Puay Koon affirmed Dow’s unwavering commitment to China, citing the country’s vast market potential and improving business environment as sources of confidence in its future.