Dow Packaging and Specialty Plastics Signs Its First Innovative Technology Licensing Agreement with Jinming in Asia

2014.08.08
Guangzhou, China, August 8, 2014 - The Dow Chemical Company (NYSE: DOW) and Guangdong Jinming Precision Machinery Co., Ltd. (SZSE: JMJJ) jointly announced the signing of a licensing agreement. Jinming is a leading supplier of blown film production lines, cast film production lines and blow molding production lines in China. The agreement licenses Jinming to use Dow's proprietary pre-wrap die technology for co-extrusion equipment for the manufacture of polyvinylidene chloride (PVDC) film.

This is the first licensing agreement of its kind between Dow Packaging and Specialty Plastics in Asia, and is another sign of Dow's long list of milestones and investments in Asia, and part of the company's regional strategic plan to continue its strong growth in the region part. The cooperation with Jinming will realize the localized production of advanced PVDC film co-extrusion equipment in Asia, and at the same time make it easier for film manufacturers to obtain equipment with Dow's cutting-edge technology to meet the rapid development of the barrier film market in the next few years.

"We are delighted to establish a trusted and reliable partnership with Jinming and expand our business. Jinming will be the first company in Asia to license this technology." said Masorui, Vice President of Packaging and Specialty Plastics Asia Pacific, " With the growing demand of the packaging industry in the Asia-Pacific region, especially in China, it is critical that Dow remains at the forefront of technology and continues to create advanced technology and customized packaging solutions.”

"Jinming has always been committed to providing customers with advanced and sustainable packaging solutions and equipment," said Ma Zhenxin, chairman of Guangdong Jinming Precision Machinery Co., Ltd., "We will take this opportunity to cooperate with Dow to improve PVDC processing technology for our Increased productivity and efficiency for clients in Asia Pacific."

With the continuous growth of the middle class in the Asia-Pacific region, the increase in spending power, and the improvement of people's quality of life, consumers tend to buy healthier foods that are convenient to store and eat. Barrier films have grown rapidly in response to this demand. Dow's expertise can effectively extend the shelf life of many foods, such as meat, while reducing waste such as spoilage, thereby helping to align with food safety standards.

Dow continues to advance cutting-edge technology and explore new ideas in areas that are critical to human progress. With continued investments in global manufacturing capabilities and continuous innovation, Dow will continue to demonstrate its leadership in the industry with a strong commitment to the future.

"Becoming the first licensee of Dow's proprietary pre-wrap die head technology in Asia, Jinming has made a further step towards its vision of becoming the world's top blown film equipment and machinery company," said Mr. Ma. "With the continuous growth and increasing requirements of flexible packaging in the Asia-Pacific region, Dow is eager to pursue more opportunities to further invest here and be part of the future success of Asia," said Mr. Thorey.


About Dow Pre-wrap Die Technology Introduction
Dow's pre-wrapped superimposed die head technology will give Jinming a clear advantage in the manufacture of PVDC co-extrusion (co-ex) processing equipment. This patented technology can make the PVDC co-extrusion die head run longer continuously, reduce the frequency of die head cleaning, and greatly improve production efficiency. This technology can be used to process Dow SARAN™ PVDC resin.

About Dow SARANTMPVDC Resin Introduction
For nearly 60 years, SARAN™ resins have been the standard in barrier protective packaging and have long been recognized for their superior water vapor, oxygen and odor barrier properties. SARAN™ resins and films also provide unmatched barrier properties unaffected by ambient humidity. The use of SARAN™ PVDC resins in multilayer packaging structures enables optimal packaging performance with less material, potentially reducing landfill waste.