ECONOMY

Additional Investment

U.S. new materials giant Dow will invest $300 million in Zhangjiagang, Jiangsu Province in east China, in the next five years.

Dow signed a memorandum of understanding for collaboration with the Zhangjiagang Free Trade Zone on March 23.

The investment is aimed at facilitating expansion and increasing capacity at the company’s signature manufacturing site in Zhangjiagang to meet the growing global demand for differentiated silicone products, it said.

“Due to megatrends such as globalization and urbanization and a growing focus on sustainable development, customers across industries are seeking more innovative, sustainable and differentiated silicone products—especially customers in China and the Asia-Pacific region,” Mauro Gregorio, President of Dow Performance Materials & Coatings, said.

Gregorio said the five-year