INDIANAPOLIS, Ind. – Twenty-five years ago today, the joint venture between the plant science businesses of The Dow Chemical Company and Eli Lilly and Company was formed, and the new company DowElanco was created. Headquarters were established here, with the goal of driving innovation and expanding geographic reach. Renamed Dow AgroSciences in 1997 when Dow purchased Lilly’s partnership interest, the company’s growth and scientific contributions have been significant and set a strong foundation for continued success.
Dow AgroSciences’ growth story is impressive. In 1989, the company started with $1.5 billion in sales. Dow AgroSciences broke through the $5 billion sales mark in 2011, surpassed the $6 billion mark the following year, and reached a record-breaking $7.1 billion in sales with $969 million in earnings in 2013, outperforming the industry.
The joint venture started with 3,000 employees, and 25 years later Dow AgroSciences has more than 8,000 employees around the world.
Click here to read the full article.