The Dow Chemical Company (NYSE: DOW) today announced it will donate up to $500,000 in relief efforts for the victims of Hurricane Sandy, which wreaked havoc along the U.S. East Coast last week. “Our thoughts and concerns are with all those living along the eastern seaboard, including our employees and their families, as well as suppliers and contractors who are coping with the aftermath of Hurricane Sandy,” said Andrew N. Liveris, Dow chairman & CEO. “This storm has created significant damage with recovery efforts expected to be long-term and Dow is proud to stand together with all those who are beginning the process of rebuilding.” Dow’s response plan consists of the following:
- A $100,000 donation to the American Red Cross National Disaster Fund;
- $150,000 in grants to local Red Cross chapters and human services providers in affected Dow communities;
- Implementation of an employee matching gift program of up to $100,000 now through the end of November. The Company will match employee gifts to the American Red Cross or any other responding organization they choose, with an additional grant to the American Red Cross National Disaster Relief Fund.
- Support for long term rebuilding needs in Dow communities with additional humanitarian, technical or product donations up to $150,000.
About DowDow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2011, Dow had annual sales of $60 billion and employed approximately 52,000 people worldwide. The Company's more than 5,000 products are manufactured at 197 sites in 36 countries across the globe. 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.