Dow Launches R&D Center in Seoul - Analyst Blog


Chemical giant The Dow Chemical Company ( DOW ) recently launched its global research & development (R&D) center in Seoul, South Korea, for electronic materials. The new R&D facility dubbed "Dow Seoul Technology Center" is focused on technological advancements in display technologies and semiconductor-related applications.

Based in Hwaseong, Gyeonggi-do, the global R&D center is expected to employ around 300 researchers in a five-story building with floor space spanning over 23,700 square meters. It is strategically located for serving semiconductor and display customers.

With the inauguration of the Dow Seoul Technology Center, the company has now invested in excess of $400 million in Korea over the past decade to set up manufacturing facilities for semiconductor, display and light-emitting diode ("LED") technologies.   

The Dow Seoul Technology Center will primarily focus on lithography, organic light-emitting diodes ("OLED"), display materials and advanced chip packaging. The center, which will house state-of-the-art research facilities, will be the global hub for the company's OLED research.

Dow Chemical noted that the R&D center has been equipped with a Nikon 193 nanometer (nm) immersion scanner and 300 millimeter (mm) tool cluster, making it the only photoresist supplier on the planet with a 193i application and development facility in Korea. With the launch of the new R&D center, the company is now better placed to offer best-in-class solutions for the rapidly expanding electronics industry in Korea.  

Headquartered in Michigan, Dow Chemical is one of the largest chemical manufacturers in the world, offering a range of chemical, plastic and agricultural products and services. The company, which had sales of roughly $60 billion in 2011, has a global footprint across 160 countries and employs roughly 52,000 people. Dow Chemical has 197 manufacturing sites across 36 nations and produces over 5000 products. It competes with EI DuPont de Nemours & Co . ( DD ).

Dow Chemical is targeting fast-growing geographies for growth. The company derives nearly two-thirds of its revenues from the overseas markets. Its revenues in the emerging markets clocked $19.4 billion (a record) in 2011. Sales in the Asia-Pacific region exceeded $10 billion for the first time in the company's history.

We currently have a long-term Neutral recommendation on Dow Chemical, which is in tandem with a short-term Zacks #3 Rank (Hold).

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DOW CHEMICAL ( DOW ): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: DD , DOW , EI

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