Dow Chemicals

Chemicals
174
NYSE:DOW
USA
DuPont Union Carbide

"This license authorizes Union Carbide (a subsidiary of Dow) to enter into transactions necessary to dissolve its Iranian branch, which the company says has conducted no business since the imposition of sanctions." (New York Times, "Licenses Granted to U.S. Companies Run the Gamut," 12/24/10)

--

"A non-U.S. nonconsolidated affiliate sold $0.1 million of polyethylene (used in packaging applications) into Iran in 2008. " (U.S. Securities and Exchange Commission, CORRESP for DOW CHEMICAL CO DE, 4/7/2009)

--

Dow lists in the 2008 Sustainability report, their current number of employees in Iran. (Company Website)

--

On their website, Dow has a list of certificates given to countries in compliance with Dow regulations for possession of their water pipe systems.  Iran is listed among these countries.  The Certificates are listed:

  • BHRC Certificate: Sanitary hot and cold water applications, and heating and cooling systems.
  • Building Code - Chapter 16: PE-RT and PE-RT/A1 for sanitary hot and cold water applications, and heating and cooling systems.