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[January 2005]
Dow Corning and Wacker Reach Agreement on Chinese Site
Wacker-Chemie GmbH (Munich, Germany) and Dow Corning Corp (Midland, MI, USA) have finalised the master agreement for their planned Asian joint ventures to produce silicone intermediates and fumed silica in the Shanghai area. According to the agreement that has been approved by both boards, the partners intend to build a world-scale production complex for siloxane and fumed silica. The joint ventures will involve capital expenditure totalling several hundred million dollars. Construction work is scheduled to start immediately upon issuing of the necessary licences by the Chinese authorities.
www.dowcorning.com
www.wacker.com
ENDS