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Dow Chemical and Sinotrans cooperate to further improve China’s chemical logistics industry operating and safety standards

(Chinadaily.com.cn)
Updated: 2009-07-02 12:03

Dow Chemical, a world-leading diversified chemical company, and Sinotrans, China’s leading logistics company, signed a memorandum last Friday for strategic cooperation to work collaboratively for the improvement of China’s logistics industry operating and safety standards. Through the memorandum the two industry leaders will share expertise and technologies to further expand the adoption of international standards and perspectives within the domestic logistics industry. The partnership builds on both companies’ priority commitment to safe operations and will promote the development of domestic chemical logistics industry norms and standards to positively influence further industry development.

The memorandum outlines plans for the companies to work together on practical logistics improvement projects to accelerate progress in the industry’s safety standards, capabilities and efficiencies. Cooperative activities will include joint training sessions and seminars for project-related partners and personnel to build capabilities and understanding of global and local best practices.

“With 112 years of experience in chemical industry and a 30-year history in China, Dow is positioned to play a strong role in furthering the development of the country’s logistics industry,” said Darrell Zavitz, Dow global vice-president of Supply Chain. “We are pleased to cooperate with Sinotrans on this initiative as they share the same commitment to safety that Dow brings to all of our operations. As China’s leading logistics provider with extensive networks and reach across the country, Sinotrans is an ideal partner for us to make a positive impact on industry safety and capabilities.”

“As the leading logistics service provider in China, Sinotrans has accumulated abundant experience and established an advanced service system for chemical logistics. With the growth of chemical logistics in China, Sinotrans is simultaneously developing our business activities and capabilities to be a world-class provider and positively influence progress in our industry,” said Zhang Jianwei, president of Sinotrans Ltd. “Through cooperation with international chemical companies like Dow, we can cooperatively influence industry growth and development in China.”

In the coming months, Dow and Sinotrans will continue discussions to develop the details related to the memorandum.

About Dow

With sales of $58 billion in 2008 and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element” to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10 billion in 2008 and 15,000 employees worldwide. 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 www.dow.com.

About Sinotrans Limited

Sinotrans Ltd is an H-share company with China National Foreign Trade Transportation Group Corporation (Sinotrans Group) as its controlling shareholder. Sinotrans Ltd was injected into by Sinotrans Group core businesses, well-performed assets and professional staff inChina's coastal and other strategic regions likeGuangdong,Fujian,Zhejiang,Shanghai,Jiangsu,Hubei,Lianyungang,Shandong,TianjinandLiaoning. Sinotrans Ltd inherited from Sinotrans Group its over fifty years of experience in transportation and logistics, a strong customer base and a world-renowned brand. Sinotrans Ltd is a leading integrated logistics services provider inChina. By the end of 2008, Sinotrans Ltd had a staff of24084employees, a total asset of 20billion RMB, and a net asset of9.8billion RMB.

Sinotrans is a leading logistics service provider inChinawhose principal activities include freight forwarding, express services and shipping agency, complemented by ancillary operations in storage and terminal services, marine transportation and other services such as trucking and air cargo transportation.

Sinotrans Ltd has built a network covering all overChinaand major economic areas of the world. Apart from the network inChina's coastal regions and major strategic areas, Sinotrans Ltd owns an airfreight and express service network covering major cities and economically active areas inChinathrough its subsidiary-Sinotrans Air Transportation Development Co. Ltd., who sets up5regional branches and64sub-branches. Through multiple contracts with Sinotrans Group, Sinotrans Ltd can utilize its largest network inChinaand overseas network through cooperating with foreign partners.More information aboutSinotranscan be found at www.sinotrans.com.