Representing a new chapter in the company’s storied history in the Delaware Valley, The Dow Chemical Company (NYSE: DOW) today inaugurated its brand new Northeast Technology Center (NTC) in Collegeville, Pennsylvania.
A world-class, state-of-the-art 800,000 square foot facility, the NTC is a global research and development hub of modern lab and office facilities providing a fully equipped, collaborative space for more than 800 employees and contractors. One of the largest sites of its kind in Dow’s global network, the NTC will play a pivotal role as an innovation hub for many businesses in Dow’s Advanced Materials portfolio – a business unit headquartered in Philadelphia, which brings differentiated solutions to customers in key end-markets including electronics, consumer and lifestyle, infrastructure and transportation and energy.
Speaking at a ribbon cutting event attended by more than 700 employees, contractors and community members, Pennsylvania Governor Tom Corbett said, "Today Dow is making clear that it is committed to Pennsylvania, as a place of business, as a center of research and development, and as a home of innovation. This tech center is part of something special happening all over our commonwealth. Businesses are coming here to become part of our economic comeback. That comeback has led to 130,000 private sector jobs being created; a recovery of more than 60 percent of the jobs lost during the great recession and unemployment at it the lowest rate since 2009. That's progress."
“The Northeast Technology Center is yet another example of Dow's continued commitment to innovation and collaboration,” said Andrew Liveris, Dow Chairman and CEO. “Working at the intersection of the sciences, Dow scientists and technologists are bridging the gap between chemistry and technology to develop solutions to some of the world's greatest challenges.”Dow Executive Vice President and Advanced Materials Portfolio Leader Howard Ungerleider noted Dow has a heritage of innovation in the Delaware Valley: “More than fifty years ago, this region saw the invention of water-based acrylic emulsion technology, an innovation that revolutionized the way we make paint and became a national historic chemical landmark,” said Ungerleider. “Today, as we gather in this new space, we can only imagine what kind of milestones we will reach in the next 50 years. It is exciting to know that this will be the point of discovery for many new innovations to come.”