Dow buys water treatment firm
By Jiang Jingjing (China Daily)
Updated: 2006-06-30 10:35
The Dow Chemical Company yesterday announced it will acquire Zhejiang Omex
Environmental Engineering Company Ltd (OEE) to move into systems manufacturing
in China and further establish its place as the world leader in advanced
components for water purification.
Although the terms of the agreement
have not been disclosed, Dow claimed the acquisition of OEE will allow it to
expand into three critical, enabling component technologies for water treatment:
ultrafiltration, membrane bio-reactor membranes, and
electrodeionization.
The acquisition will also see Dow participating in systems
manufacturing in China.
"Dow is a leader in reverse osmosis membranes
and ion exchange resins, and this further solidifies our position as a water
solutions leader through additional innovative technologies," said Ian Barbour,
general manager of Dow Water Solutions.
Barbour said the co-operation is
critical to addressing one of the world's most pressing development and
environmental challenges: the supply of clean water.
Dow's newly expanded
portfolio will enhance its ability to provide solutions that support sustainable
development goals by directly addressing the need for environmentally
sustainable and cost-effective water treatment in China and elsewhere.
"With increasing demands and constraints on clean water supplies
globally and in China, Dow is pleased to offer solutions that advance the cause
of sustainable development and the effective management of water resources,"
Barbour said.
The acquisition of OEE, located in Huzhou, Zhejiang
Province, enables Dow to further penetrate one of the fastest growing regions
for water treatment components.
OEE has provided design engineering and
installation for high-purity water facilities throughout China since 1995. It is
one of China's premier water treatment and design companies, specializing in
pure and ultra pure water applications.
Dow is the only global
manufacturer of both membrane and ion exchange products. Both of these
technologies separate dissolved minerals and organics from solutions, producing
water that meets the most stringent water purity standards to achieve the
highest quality water at a lower operating cost.
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