Dow Chemical places its chips on cutting-edge innovation

Although China is undergoing an economic transition, American multinational chemical corporation Dow Chemical Co remains extremely positive of the Chinese market, as it looks to extend its double-digit growth rate in the coming years.

Yoke Loon Lim, president of Dow Greater China, believes that China will see research and innovation play a greater part in the economy following the completion of this economic transition, and that Dow will be well placed to capitalize on this, given that innovation has always been a cornerstone of the company.

In light of China's 13th Five-Year Plan (2016-20), Dow has identified new strategic areas of focus in energy, environment at protection and infrastructure. The company said that it would also be looking at growth opportunities in building water infrastructure and soil remediation facilities.