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Dow Chemical Company

Dow Chemical Company was founded in 1897 by Herbert Henry Dow in Midland, Michigan. The company has grown into one of the world's largest chemical...

Dow Chemical Company

Dow Chemical Company was founded in 1897 by Herbert Henry Dow in Midland, Michigan. The company has grown into one of the world's largest chemical manufacturers, with a market capitalization exceeding $30B as of 2025. The firm operates across three primary segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. Its portfolio includes polyethylene, polyurethane, and silicone products, supplying industries from automotive to construction. Dow maintains manufacturing facilities in over 30 countries and serves customers worldwide. In November 2024, Dow announced a $6B investment in a new ethylene and derivatives facility in Fort Saskatchewan, Alberta (per Dow, November 2024). The company employs roughly 37,000 people globally, with major operations in Europe, Asia, and the Americas. Dow is structured as a publicly-traded corporation (NYSE: DOW) with a board of directors accountable to shareholders. Its distinctive architecture includes a materials science focus and capital allocation toward large-scale industrial projects, setting it apart from financial asset managers.

General information

Firm type

other

Year founded

1897

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Midland

Corporate office

Midland, MI, United States

Additional offices

New York City, NY, United States · Sacramento, CA, United States · Washington, DC, United States

Principals

Jim Fitterling

Chairman and Chief Executive Officer

Howard Ungerleider

President and Chief Financial Officer

Sector focus

Industrial TechEnergy Transition & RenewablesInfrastructure

Frequently asked questions

Who runs investment decisions at Dow Chemical Company?

Jim Fitterling, Chairman and CEO, leads strategic direction. Capital allocation decisions involve a board of directors and executive team. Major investment projects are evaluated by business unit leaders and approved at the corporate level.

Is Dow Chemical Company structured as a family office or a publicly-traded firm?

Dow is a publicly-traded corporation on the New York Stock Exchange under ticker DOW. It is not a family office. Shareholders include institutional investors and the public.

What investment stages does Dow typically target?

Dow focuses on large-scale capital projects, including new manufacturing plants, joint ventures, and technology platforms. These are typically multi-billion-dollar investments with multi-year timelines, not venture-stage deals.

How does Dow allocate its capital?

Dow allocates capital among R&D, manufacturing expansions, acquisitions, dividends, and share buybacks. In recent years it has emphasized investments in low-carbon technologies and expanding North American petrochemical capacity.

Which sectors does Dow explicitly avoid?

Dow does not publicly avoid any sectors, but its focus is on industrial and materials science applications rather than financial services, digital assets, or consumer-facing technology.

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