Signing ‘The First Order of the First Day’ MOU valued at US$300 million
Dow is showcasing its rich portfolio of materials science solutions at the 6th China International Import Expo (CIIE). The company is also set to sign multiple strategic industry partnership agreements and support the CIIE’s zero-carbon efforts aimed at driving the circular economy. Dow’s exhibits and programs underscore its commitment to helping China and Chinese customers achieve high-quality, sustainable development.
This is the sixth consecutive year Dow has participated in the CIIE. With a core focus on sustainability, Dow is spotlighting five areas: Circular Economy, New Energy, Consumer Upgrade, Green Buildings and Low Carbon. On display are nearly 50 innovative materials science solutions, with 11 making their debut either globally, in the Asia-Pacific, or specifically in China.
During the CIIE, Dow will enter into 10 Memorandums of Understanding. On the afternoon of November 5, Dow signed a $300 million Memorandum of Understanding with ZKH Group Limited marking “The First Order of The First Day” of the CIIE this year. Dow will provide ZKH Group with silicone products valued at $300 million to sell via its online platform, as well as with product and technical consulting services. The two companies will also partner to tap into burgeoning silicone markets downstream, such as electrification, transportation, packaging and construction. This is the second MoU the two companies have signed at the CIIE since 2019.
On the morning of November 6, Dow and the Chinese Ministry of Commerce, CIIE Bureau, as well as value chain partners will jointly kick off the “Close the Loop: Path to Zero Plastic Waste” campaign at the Dow booth. The project will run throughout the expo to promote plastic recycling and waste management in support of the CIIE’s zero-carbon efforts, as well as advocate the circular economy. In addition, Dow will sign a MoU for partnership in 2024 with the China National Resources Recycling Association and LOVERE. The partners aim to foster consumer education and value chain collaborations to explore a China-specific recycling system for flexible plastic packages.
“The CIIE is an important platform for us to showcase our latest innovative technologies for China and the region. It is a one-stop display of our R&D expertise and manufacturing know-how, and it highlights the valuable partnerships we have in China. More importantly, it underscores Dow’s long-term commitment to the Chinese market and Chinese customers,” said Puay Koon Chia, Dow Asia Pacific president. “Dow’s growth strategy in China and the Asia Pacific emphasizes on building local assets and capabilities to better serve the local market and enhance our customers’ experience.”
This year, Dow’s exhibition spans 300 square meters, where real products and digital displays will feature advanced materials science solutions across five focal areas in the China market.
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