What Dover Chemical does

PT. Dover Chemical is a privately held Indonesian chemical manufacturer founded in 1980 and headquartered in Jakarta, operating at a scale of 1,001–5,000 employees. Its product portfolio centers on formaldehyde, paraformaldehyde, synthetic resins, and specialty chemicals, complemented by bulk liquid storage services that indicate an integrated chemicals-and-logistics operating model typical of established Indonesian industrial chemical producers.

The company serves industrial customers that consume formaldehyde-based inputs and resins, likely spanning adhesives, coatings, construction materials, and downstream specialty chemical applications, though no specific end-customer or segment data was disclosed. Its distribution relies on rail logistics for at least part of its hazardous-materials footprint, evidenced by a recognized relationship with Union Pacific Railroad and the receipt of the 2025 Pinnacle Award for zero non-accident releases of regulated hazmat shipments. This indicates the company operates under regulated hazardous-materials handling protocols as part of its normal logistics chain.

Dover Chemical's revenue mechanics were not disclosed in the available source material; no pricing models, contract structures, or revenue figures were available. There is no public-company listing, no disclosed ownership or parent structure, and no management-team information. The company appears to be an active operating business whose public profile is dominated by an ESG/safety positioning rather than a growth narrative, leaving the investment-relevant financial and strategic details largely undocumented.

Name

Dover Chemical

Website

https://dovechem.co.id

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Dover Chemical is a Jakarta-based, privately held Indonesian chemical manufacturer founded in 1980 that produces formaldehyde, paraformaldehyde, synthetic resins, and specialty chemicals, and offers bulk liquid storage services to industrial customers.

Ownership category

akta.pro rank

Product category

Industrial Chemicals

NAICS

Petrochemical Manufacturing (32511), Resin and Synthetic Rubber Manufacturing (32521)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

Plastic Resin & Polymer Manufacturing (IMANAOAA)

akta.pro secondary industry

Plasticizers & Solvents (Phthalates/Alternatives, Commodity Solvents) (IMAEADAK)

Keywords

• Formaldehyde production
• Paraformaldehyde manufacturing
• Synthetic resins
• Specialty chemicals
• Bulk liquid storage

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Core offering

PT. Dover Chemical manufactures and supplies formaldehyde, paraformaldehyde, synthetic resins, and specialty chemicals. The company also operates bulk liquid storage services supporting downstream chemical users and industrial customers.

Product overview

Dover Chemical is a chemical company that transports hazardous materials. Based on available sources, Dover Chemical was recognized by Union Pacific Railroad with the 2025 Pinnacle Award for safely transporting regulated hazardous materials shipments and achieving zero non-accident releases. No specific product names, service offerings, or product portfolio details were identified in the provided source data.

Differentiator

Problem solved

Functional benefit

Products and services

• Formaldehyde Industrial-grade formaldehyde produced for downstream chemical and manufacturing customers.
• Paraformaldehyde Polymerized formaldehyde supplied to industrial buyers as a chemical intermediate.
• Synthetic Resins Synthetic resin products manufactured for industrial applications.
• Specialty Chemicals Specialty chemical offerings tailored to industrial customer requirements.
• Bulk Liquid Storage Services Bulk liquid storage services supporting chemical logistics and inventory needs.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Union Pacific RailroadminorGTM or Marketing Partner · 1 January 2025Union Pacific Railroad recognized Dover Chemical as one of 138 companies receiving the 2025 Pinnacle Award for safely transporting hazardous materials. The recognition is for implementing release prevention protocols and achieving zero non-accident releases of regulated hazardous materials shipments. This reflects Dover Chemical's role as a customer of Union Pacific's rail transportation services.

Scale indicators1 record

Recent moves2 records

Regional players

• Chandra Asri Petrochemical: Chandra Asri is Indonesia's largest integrated petrochemical producer, producing olefins, polyolefins, and various chemicals. As a fellow Indonesian chemicals company, it operates in overlapping downstream markets and is a relevant regional peer for Dover Chemical.
• PT Justus Sakti Raya: PT Justus Sakti Raya is an Indonesian producer of formaldehyde, paraformaldehyde, and specialty chemicals with overlapping product lines to Dover Chemical. Both are direct regional competitors serving Indonesia's wood-panel and resin markets.

Direct peers

• Dynea: Dynea is a leading producer of formaldehyde, formaldehyde-based resins, and adhesives for wood-based panels, directly overlapping with Dover Chemical's resin and formaldehyde product lines. Both target the engineered wood and panel industry globally.
• Hexion: Hexion is one of the world's largest producers of formaldehyde, phenolic and amino resins, and adhesive technologies — directly comparable to Dover Chemical's formaldehyde and synthetic resin portfolio. Both serve forest products, construction, and industrial customers.
• Perstorp: Perstorp is a global specialty chemicals producer with formaldehyde, paraformaldehyde, and synthetic resin product lines directly comparable to Dover Chemical's core offerings. Both serve wood-panel, coatings, and industrial resin customers with similar chemistry.
• Georgia-Pacific Chemicals: Georgia-Pacific Chemicals is a major producer of formaldehyde, urea-formaldehyde, phenol-formaldehyde, and specialty resins, directly comparable to Dover Chemical's formaldehyde and synthetic resin lines. Both serve wood products, paper, and industrial customers.
• Synthomer: Synthomer is a specialty chemicals producer with significant formaldehyde and resin operations, particularly in adhesives and coatings. Comparable to Dover Chemical in synthetic resins and specialty chemistries serving industrial customers.

Broad incumbents

• Eastman Chemical: Eastman is a global specialty materials company producing resins, additives, and specialty chemicals across multiple industries. While broader than Dover, the specialty resins and plasticizers segments overlap meaningfully with Dover Chemical's product portfolio.
• BASF: BASF is a global chemical giant with a formaldehyde, resin, and specialty chemicals portfolio that overlaps with Dover Chemical's offerings. As a diversified incumbent, BASF serves similar end markets (wood, automotive, construction) but at a much larger scale and breadth.

Emerging players

• Kanoria Chemicals & Industries: Kanoria Chemicals is an Indian producer of formaldehyde, resins, and specialty chemicals with a regional focus. Comparable to Dover Chemical in product mix and emerging-market orientation, though smaller in scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/dover-chemical

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dover Chemical