MRO Magazine

Statement from Andrew N. Liveris, Chairman and CEO, The Dow Chemical Company on Congress’ Failure to Reauthorize the Export-Import Bank

July 29, 2015
By Business Wire News


The Dow Chemical Company (NYSE: DOW) is disappointed that Congress failed to reauthorize the Export-Import (Ex-Im) Bank, the country’s official credit agency, prior to the House of Representatives leaving Washington for August recess. Ex-Im Bank is a vital tool for America’s manufacturing sector and imperative to sustaining U.S. competitiveness in the global economy. By failing to reauthorize the Bank both when it expired on June 30 and while in session in July, Congress has raised the hurdle for U.S. companies even higher. We urge Congress to reauthorize the Ex-Im Bank when they return to Washington in September so America’s business community can have certainty in fueling economic growth and job creation.

About Dow

Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world’s most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow’s integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2014, Dow had annual sales of more than $58 billion and employed approximately 53,000 people worldwide. The Company’s more than 6,000 product families are manufactured at 201 sites in 35 countries across the globe. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at

The Dow Chemical Company
Sara Steele, (202) 429-3428
Rachelle Schikorra, (989) 638-4090