Dow and De Lage Landen Financial Services Announce Industry's First Reverse Osmosis Element Leasing Program
Businesses and municipalities to benefit from innovative financing solutions that ease element acquisition, affordability and better manage cash flow
EDINA, Minn.--(BUSINESS WIRE)-- Dow Water Process & Solutions (DW&PS), a business unit of The Dow Chemical Company (NYS: DOW) together with De Lage Landen Financial Services (DLL), a global provider of asset-based financing solutions to manufacturers and distributors, today announced the industry's first reverse osmosis (RO) element leasing program for FILMTEC™ elements. Through this collaborative offering, businesses and municipalities in North America can now benefit from innovative financing to ease element acquisition and affordability and to better manage cash flow.
The new program, which is also available for purchases made via DW&PS channel partner OEMs, is designed to give end-users flexibility whether their acquisition is planned or not. Additionally the leasing program will give end-users the best opportunity to consistently use the latest DW&PS RO technology while continually staying within warranty term coverage.
"Our partnership with DLL will increase the availability of FILMTEC RO elements to our customers, who want to capitalize on the operational benefits of our latest technology at a faster pace," said Snehal Desai, Global Business Director, Dow Water & Process Solutions. "Financing allows businesses to acquire a significant asset without making a large capital expenditure, so our industry-first leasing program will help customers realize the demineralizing and desalination benefits of the FILMTEC RO elements more efficiently, and more affordably."
FILMTEC RO elements are used for demineralizing brackish water or desalinating seawater for a variety of industries and applications including industrial water treatment, power generation, food and beverage processing, municipal desalination and water reuse, and home drinking water devices.
"We are very proud to expand our clean technology portfolio and partner with DW&PS to address the increasingly complex needs of the water industry," said Bruce Trachtenberg, VP and General Manager Clean Technology, De Lage Landen. "This program leverages the product performance of Dow along with DLL's financial know-how—advancing our collective goal to create value for DW&PS customers."
Many American companies already recognize the value of financing by leveraging it to acquire equipment critical to running their businesses and growing their revenue. Leasing is the fastest growing and largest external source of capital investment in the United States and throughout the world.
About Dow Water & Process Solutions
The global leader in sustainable separation and purification technology, Dow Water & Process Solutions is making a clear impact in the world. We're helping to make water safer and more accessible, food taste better, pharmaceuticals more effective and industries more efficient and spearheading the development of sustainable technologies that integrate water and energy requirements. Dow Water & Process Solutions offers a broad portfolio of ion exchange resins, reverse osmosis membranes, ultrafiltration membranes, fine particle filters and electrodeionization products, with strong positions in a number of major application areas, including industrial and municipal water, industrial processes, pharmaceuticals, power, residential water and waste and water reuse. More information about Dow Water & Process Solutions can be found at www.dowwaterandprocess.com.
About De Lage Landen Financial Services
De Lage Landen, a fully owned subsidiary of Rabobank Group, specializes in asset-based financing programs for equipment manufacturers, dealers and distributors all over the world. Our programs cover our customers' total distribution chain, as well as the entire lease lifecycle. We care not only about our customers, but also about the communities in which we operate. We strive to have a positive social and environmental impact through our products and the way we conduct business. For more information, please visit our website: www.delagelanden.com.
Dow (NYS: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2012, Dow had annual sales of approximately $57 billion and employed approximately 54,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
KEYWORDS: United States North America Michigan Minnesota
The article Dow and De Lage Landen Financial Services Announce Industry's First Reverse Osmosis Element Leasing Program originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.