Dow Chemical Co. has become the first chemicals business to win the Outstanding Corporate Innovator Award from the Product Development & Management Association.
Midland-based Dow's polyolefins and elastomers business group will be honored by PDMA at its annual conference Oct. 7 in Boston.
Dow is a co-recipient of the 2003 award, along with motorcycle manufacturer Harley-Davidson Motor Co. Previous winners in the award's 27-year history include Pepsi-Cola Co., Hewlett-Packard Co., Apple Computer and Nabisco Biscuit Co. Harley-Davidson and Dow were selected from more than a dozen global candidates.
Dow products reviewed by PDMA during the selection process include Affinity-brand polyolefin plastomers, Inspire performance polymers and XLA-brand elastic fibers.
``While characterized as `mature' about 10 years ago, the polyolefins and elastomers business group is recognized today as a growth business at Dow,'' PDMA selection committee Chairman Stan Jankowski said.
Jankowski added that the award is presented to showcase those organizations that are the most successful in developing new products and are committed to innovation.