Dow Chemical Co will increase investment in China by double-digits this year, said Peter Sykes, President of Dow Greater China. “In addition to our current multi-billion dollar coal-chemical project in Shaanxi province, our investment in the country will total several hundred million dollars this year.” China contributed 42% to its Asia-Pacific sales revenue in the first quarter of this year. “China is the second-largest global market for Dow Chemical,” said Sykes. “Since 2000, the company has achieved 20% annual growth in China with more than USD4 billion in total sales revenue last year.” In addition to the joint venture coal-chemical project with Shenhua Group, the U.S. company has also partnered with Haier Group to deliver a new series of energy-efficient refrigerators and freezers.