Dow Specialty Products has recently finalized its first sale in KSA for Dow Coating Materials (DCM) under the local Trading License granted by the Government of Saudi Arabia.
In June 2016, Dow KSA became the first foreign entity to receive a trading license allowing 100 percent operational ownership in the country’s trading sector. This strategic move enables Dow to continuously deliver high-value innovative products that will support the country’s Vision 2030 in areas such as sustainable development, energy-efficiency, water and alternative energy.
“This is a historic first step and represents the culmination of months of efforts to make this trading license a commercial reality”, said Chuck Swartz, President of Dow Specialties. “The early sale of Dow Coating Materials products is a key element of the pre-marketing strategy in advance of the start up of the Dow PAA Coatings facility that will be established in the Jubail Value Park.”
“It is an exciting milestone for Dow, and the Dow Coating Materials business is very proud to be leading the way using this historic trading license,” said Anton van Beek, EMEAI Business Director for Dow Coating Materials. “Not only are we preparing the ground for further growth, it’s given us a fantastic opportunity to solidify and build on relationships with key customers in Saudi Arabia: we are looking forward to working with them to maximise the potential of this important growth market.”
DowDuPont (NYSE: DWDP) is a holding company comprised of The Dow Chemical Company and DuPont with the intent to form strong, independent, publicly traded companies in agriculture, materials science and specialty products sectors that will lead their respective industries through productive, science-based innovation to meet the needs of customers and help solve global challenges. For more information, please visit us at www.dow-dupont.com.