BANGKOK, March 22 – The head of US-based Dow Chemical Company, Andrew Liveris, said Thailand is an attractive investment site for his company and affirmed its intention to continue its stake here.
The Dow Chemical president met Thursday with Thai Prime Minister Yingluck Shinawatra at Government House. The premier emphasised that her administration is ready to coordinate with the private sector on its business and investment expansion in the country.
Mr Liveris complimented Thailand on passing through varied difficulties including political conflicts and last year’s flood crisis. He spoke positively of younger Thai generations having creative thinking, good working skills and the ability to learn, after considering a number of Thai employees working for his company.
On this occasion, Mr Liveris invited Ms Yingluck to visit his firm in the United States, where he said his company’s system in place there is adaptable for the use of technology development in Thailand.
The Dow Chemical Company is an American multinational chemical corporation headquartered in Midland, Michigan, delivering products and solutions to sectors such as electronics, water, energy, and coatings. It is the world’s fifth largest chemical manufacturer.
The company began its business in Thailand in 1967. In 1987, it expanded its investment in Siam Cement Plc (SCG), Thailand’s largest cement company, with a current investment value of over Bt100 billion.
The SCG-Dow Group is comprised of four principal joint venture companies manufacturing and supplying markets across the Asia-Pacific region with a portfolio of products, including ethyl-benzene and styrene monomers; styrene-butadiene and acrylic latex; polyethylene; polystyrene and compounding products.