Submitted by OLD - Dow Chemical Company
October 2, 2007 - The Dow Chemical Company (NYSE: DOW), in conjunction with WaterHealth International (WHI), revealed last week its commitment to provide $30 million of loan guarantees to support the financing of up to 2,000 WHI community water systems, serving 11 million people in rural India. This commitment was highlighted at the Clinton Global Initiative (CGI) 2007 Annual Meeting, an invitation-only gathering of heads of state, CEOs and other global leaders from around the world. With this commitment, Dow and WHI are combining efforts to address the global challenge of more than one billion people without access to safe, clean drinking water.
Andrew Liveris, Dow Chairman and CEO, and Dr. Tralance Addy, President and CEO of WaterHealth International, were recognized on behalf of both organizations by Dr. Margaret Chan, Director General of the World Health Organization. Dr. Chan presented Liveris and Dr. Addy with a commitment certificate during a presentation at the Annual Meeting, which took place September 26-28 in New York City.
"Dow's commitment to facilitate the funding of WaterHealth's growth makes a tremendous impact on our mission of helping to solve the world’s crisis of water-borne disease," said Dr. Addy.
For the past two years, WHI has been providing sustainable, low-cost, community-based water systems to rural villages in India. Dow's commitment will help extend WHI's reach well beyond their current projections of installing 3,000 systems over the next five years. Over the next year and a half, Dow's loan guaranty will be instrumental in bringing affordable, potable water to more than 11 million people living in areas currently without access to safe drinking water.
"Providing economical, effective water systems and sustainable business models to small communities in the developing world is just one way Dow is uniquely positioned to provide breakthroughs that supply cleaner and safer water to those in need," said Liveris. "Through partnerships with organizations like WHI, we can increase the global sense of urgency to solve these world challenges."
About The Dow Chemical Company (Dow)
Dow is a diversified chemical company that harnesses the power of innovation, science and technology to improve what is essential to human progress. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of US$49 billion and employs 43,000 people worldwide. More information about Dow can be found at www.dow.com.
About WaterHealth International, Inc.
WaterHealth International, Inc. (WHI) provides innovative business solutions to one of the world's most desperate health crises, the lack of safe, clean and affordable water for the more than two billion people who have little or no access to it. WHI's award winning water purification and disinfection technology, combined with creative and unique business approaches, enable the delivery of highly affordable, clean water to even the most remote and underserved communities. WHI invests in health and hygiene education programs as part of its normal business practices to combat waterborne diseases in the communities it serves. WaterHealth's website is www.waterhealth.com.
About Clinton Global Initiative
President Clinton started the Clinton Global Initiative (CGI) in 2005. A non-partisan catalyst for action, CGI brings together a community of global leaders to devise and implement innovative solutions to some of the world’s most pressing challenges. CGI consists of approximately 1,000 members from all over the world who commit to create or support projects within one or more of CGI’s annual areas of focus. In 2007, the areas of focus are education, energy & climate change, global health, and poverty alleviation.
With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.