Dow Chemical is bearish on Taiwan's growth in electronic chemical materials in the second half of the year

Dow Chemical, the largest chemical material manufacturer in the United States, Chen Zhengqun, executive general manager of Taiwan, said recently that due to the weak outlook for semiconductors in the second half of the year, the demand for electronic chemical materials has become conservative.

In 2010, Dow’s annual sales in Taiwan exceeded $600 million for the first time, including more than $300 million in revenue from electronic chemical materials, including semiconductor wafers, photoresists, and other consumables for PCBs and connectors. The electronics industry of passive components, LEDs and displays, and Dow Chemical's market share of semiconductor grinding materials in Taiwan exceeds 70%.

Chen Zhengqun said that in the second half of the year, Taiwan's electronic chemical materials industry will not grow as much as 15%-20% in the first half of the year, but at present, the performance in the second half will be better than that in the first half of the year. Demand and growth, especially for chemicals used in people's livelihood products, are still very good.

Since 2000, Dow Chemical's business growth in Greater China has remained at an average annual rate of around 20%. In 2010, Greater China's total sales exceeded US$4 billion. Currently, Greater China is Dow's second largest market in the world. It is expected that the performance of Greater China will still maintain double-digit growth this year.

Dow Chemical is a diversified chemical company that provides a wide range of products and services to customers in 160 countries and regions around the world, with its leading specialty chemistry, high-tech materials, agricultural science and plastics businesses. High-speed development markets such as water treatment, energy, coatings and agriculture. In 2010, Dow had annual sales of US$53.7 billion, 50,000 employees worldwide, 188 production sites in 35 countries, and more than 5,000 products.

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