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DOW EXPANDS HEAT TRANSFER FLUIDS BUSINESS THROUGH AGREEMENTS WITH DOW CORNING AND ICI

 MIDLAND, Mich., March 4 /PRNewswire/ -- The Dow Chemical Company (NYSE: DOW) announced today that it has reached agreement with Dow Corning Corporation, Midland, Mich., to sell and market Syltherm'(A) silicone heat transfer fluids.
 In addition, Dow recently concluded an agreement with ICI, Chemicals and Polymers Limited, U.K., to purchase ICI's global diphenyl oxide (DPO) and Thermex'(B) high temperature heat transfer fluids business.
 These moves broaden Dow's heat transfer fluid product line, technological base and marketing efforts.
 According to Kevin McElgunn, marketing manager, heat transfer fluids at Dow, "This expansion was a logical decision. Our full family of fluids is now even larger. With the broadest range of heat transfer fluids in the industry, we can better meet our customer's needs. From engineering properties to specific technical questions, customers can work with one premier supplier, both domestically and globally, to optimize the performance of their heat transfer systems."
 Dow Corning will retain ownership of the Syltherm trademark as well as manufacturing, research and development responsibilities. Dow, however, is now the primary source for Syltherm silicone heat transfer fluids, assuming marketing and sales rights effective March 15. Dow will promote the Syltherm trademark and work closely with Dow Corning's research and development organization to support the silicone heat transfer fluids.
 McElgunn said that the agreement with ICI Dow purchased ICI's direct phenol process technology for the production of DPO, as well as existing inventory, trademarks, customer lists and contracts.
 Dow is the premier heat transfer fluid manufacturer in the world and is well-known for its high temperature Dowtherm(B) synthetic organic fluids as well as low temperature Dowtherm and Dowfrost(B) inhibited glycol-based fluids. These products serve the needs of customers in the fibers, chemical processing, food processing, pharmaceutical engineering, hydrocarbon, power, HVAC and many other industries.
 McElgunn said, "These agreements demonstrate Dow's commitment to heat transfer fluids."
 John Wharton, senior industry market specialist, Performance Chemicals and Coatings Industry at Dow Corning, said Dow and Dow Corning will work together to ensure a smooth transfer of responsibilities for the Syltherm product line.
 "We are working with the Dow field sellers and Technical Service and Development specialists, to ensure that they are effectively prepared to respond to the needs of both current and new Syltherm customers," Wharton said. "In the future, we will continue to work closely together to meet the changing needs of the diverse industries that depend on heat transfer fluids."
 McElgunn noted that these events signify an even greater international focus for Dow's heat transfer fluid business. He said, "Our vision is geared to the future of heat transfer fluids in the global marketplace."
 For more information, contact The Dow Chemical Company at 800-447-4369, or outside the United States, please call 517-832-1556.
 Notes: (A) Trademark of Dow Corning Corporation
 (B) Trademark of The Dow Chemical Company
 -0- 3/4/93
 /CONTACT: Sara Murray-Plumer of The Dow Chemical Company, 517-636-9432, or E. McDonald or D. Ton of Gibbs & Soell, Inc., 212-697-2600, for The Dow Chemical Company/
 (DOW)


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

SM-TM -- NY101 -- 3180 03/04/93 17:06 EST
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Date:Mar 4, 1993
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