Dow Corning strengthens competitive position in Japan

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Dow Corning Corporation has announced that its joint venture in Japan, Dow Corning Toray Silicone Co., Ltd (DCTS), has reached an agreement with Nippon Unicar Co., Ltd (NUC) to purchase its silicone division. The sale is expected to be finalized on 30 September.
Both companies believe that consolidation of the two operations will better meet the silicone-related technology and specialty materials needs of customers in Japan.
As a result of this sale, the capabilities of both companies – NUC’s technology and knowledge of specialty chemicals and DCTS’ capabilities in silicone production – will be aligned to offer improved technology and solutions. DCTS will offer the same or equivalent silicone products now sold by NUC after the completion of the sale.