Dow Chemical Co. and Russian-based Izolan announced Tuesday a joint venture that will provide personalized polyurethane system products to a growing customer base in Russia.
Subject to regulatory and other customary approvals, the new company, Dow Izolan, will be based north east of Moscow in Vladimir.
Dow Izolan will combine Dow's Polyurethane Systems business, with Izolan's regional knowledge.
The new company will employ more than 100 employees, mainly from Izolan's current site in Vladimir. The joint venture plans to build a state-of-the-art production plant in the Vladimir area within the next two years.
