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Dow - statistics & facts

The Dow Chemical Company from Midland, Michigan, is one of the world’s leading chemical companies. It was founded in 1897 by chemist Herbert Henry Dow, who had invented a new extraction method for bromine. Originally, the company only sold potassium bromide and bleach, but subsequently diversified to become a major agricultural chemical producer. In September 2017, the Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont) completed their merger, forming one of the largest chemical manufacturing companies in the world. In April 2019, the DowDuPont conglomerate separated into three companies: Dow, dedicated to commodity chemicals; DuPont, dedicated to specialty chemicals; and Corteva, dedicated to agricultural chemicals and seeds.

Dow's financial standing

Based on revenue, the spun-off Dow is the second leading chemical company worldwide behind German chemical manufacturer, BASF. In 2021, Dow reported a total revenue of around 54.97 billion U.S. dollars. About 33 percent of Dow's revenue was generated in the United States. There are four operating segments of Dow. The largest two are Packaging & Specialty Plastics and Industrial Intermediates and Infrastructure, responsible for more than 80 percent of Dow’s total revenue. As of May 2021, Dow’s market capitalization stood at some 51.95 billion U.S. dollars, which placed the company among the top ten chemical companies worldwide.

R&D and company personnel of Dow

Approximately 857 billion U.S. dollars, a 1.6 percent share of the company’s total revenue, was spent on Dow's research and development in 2021. This share remained relatively stable over the past four years. In 2021,  Dow employed some 35,700 people worldwide. Nearly half of those people were employed in the United States and Canada.

Dow's company controversy

Although the company has long been known for the products it produces, such as Saran food wrap, the company has also been involved in some high-profile lawsuits and scandals over the years. During the 1960s and 1970s, Dow produced napalm and Agent Orange that was used in the Vietnam war. As recently as 2019, Dow settled a 77 million U.S. dollar lawsuit over the release of dioxin-related compounds and other hazardous substances from the company’s facility in Midland. Over the past few years, Dow's emissions have decreased gradually, however.

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