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DOW ACQUIRES MDI PLANT IN KOREA

 MIDLAND, Mich., Jan. 18 /PRNewswire/ -- The Dow Chemical Company (NYSE: DOW) today announced the acquisition of a methylene diphenyl diisocyanate (MDI) distillation plant from Sung-Hwa Petrochemical Industrial Company, Limited in Korea.
 The MDI plant located in Yocheon, Korea, has an annual capacity of 25,000 metric tons. It will be upgraded to meet Dow standards and will be in commercial operation by April 1993.
 The plant will be a source of products for HD Polyurethane Company, a 50/50 joint venture recently formed in Korea between Dow and Hannam Chemical Corporation to serve the local polyurethane market. Dow's Korean MDI business, originally developed by Dow Mitsubishi Kasei Limited of Japan, will now be integrated into the activities of HD Polyurethane. MDI is used in a wide range of industries such as automotive, appliance and construction industries.
 According to Michael Parker, president of Dow Pacific, and soon to be group vice president of the Chemicals & Performance Products and the Hydrocarbons & Energy businesses, "The acquisition of this MDI plant is an important step in expanding Dow's participation in Korea, and will place the company in a much stronger position to meet the rapidly growing market demand and to better serve our local customers."
 -0- 1/18/93
 /CONTACT: Doug Draper of The Dow Chemical Company, 517-636-2876/
 (DOW)


CO: The Dow Chemical Company ST: Michigan IN: CHM SU: TNM

ML -- DE004 -- 5731 01/18/93 08:51 EST
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Publication:PR Newswire
Date:Jan 18, 1993
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