Dow Corning Korea Receives $100 Million Export Award
Dow Corning Korea received the $100 million Export Tower Award at the 43rd annual Trade Day ceremony, held on November 30 in Seoul. The company became the first silicone provider in Korea to surpass the $100 million mark in annual exports. Korean President Roh Moo-hyun presented the awards.
The Korean government presents Export Tower Awards each year to companies exporting goods worth between $1 million and $25 billion at the Trade Day ceremony, which is co-hosted by the Ministry of Commerce, Industry and Energy and the Korea International Trade Association. Winners were selected on the basis of their export performance from July last year through June this year.
Dow Corning Korea's export award came as a result of its contributions to boosting domestic exports and playing a pivotal role in developing Korea's silicone industry. This year, Dow Corning Korea was one of five multinational companies to receive the $100 million Export Tower Award. The award was accompanied by the Prime Minister's Medal of Appreciation.
"Dow Corning Korea will keep doing its best to become an exemplary company with global expertise and local contribution by providing customized products and total solutions," said Korea Country Manager Duke Cho. "In doing so, it will help promote the Korean business and market developments."
The Korea Trade Day and Export awards were established in 1964 to commemorate the nation's total exports exceeding the $100-million mark. This year's ceremony carried added significance as Korea is set to become the 11th country in the world to attain $300 billion in exports.
About Dow Corning
Dow Corning (www.dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicon-based technology and innovation, offering more than 7,000 products and services, Dow Corning is equally owned by The Dow Chemical Company and Corning, Incorporated. More than half of Dow Corning's annual sales are outside the United States.
