For immediate release 9 October 1992
HKUST Receives HK$800,000 from Dow Chemical Pacific I&d
The Hong Kong University of Science and Technology (HKUST) announces a donation of HK$800,000 from Dow Chemical Pacific Ltd. The donation is to be used to finance two'endowed scholarships for students in the School of Engineering, one of whom will be
: . '..
..- 1. . * in Chemical Engineering.
Dr Michael C.Y. Lung, General Manager for PRC/Hong Kong, Dow Chemical Pacific Ltd, says, "What is important to Hong Kong are people with expertise, and HKUST has a very good environment to train people of that calibre."
Professor Chia-Wei Woo, Vice-Chancellor and President of HKUST, states "Southeast Asia has a great need for Chemical
Engineering. Hong Kong falls behind in Southeast Asia on research
and development. The ratio of R & D to GNP is small compared with the other three small dragons."
Professor Woo adds, "Dow Chemical has a long brilliant
service to Southeast Asia. Our thanks to them for their
donation."
The Dow Chemical Company, established in 1897, is a diversified, worldwide manufacturer and supplier of chemicals and
..
( ‘--: performance products, plastics, hydrocarbons, and consumer
specialties that include agricultural products, consumerproducts
and pharmaceuticals. Dow Chemical Pacific Ltd, established in Hong Kong in 1966, is responsible for the Pacific Area business activities of The Dow Chemical Company.
Dow Chemical has a major commitment to research and development around the.world. In 1991, 9,300 employees and more than US$l.l billion were devoted to product research, process research, product development and technical service. -
Direct enquiriks to the Office of Public qffairs, telephone 358-6302.
