Dow Corning Acquires U.S. and Brazilian Silicon Metal Manufacturing Assets From Globe Specialty Metals
05 Novembro 2009 - 11:45AM
PR Newswire (US)
MIDLAND, Mich., Nov. 5 /PRNewswire-FirstCall/ -- Dow Corning
Corporation has acquired two chemical grade silicon manufacturing
assets from Globe Specialty Metals, in an acquisition valued at
approximately $175 million (USD). (Logo:
http://www.newscom.com/cgi-bin/prnh/20081030/CLTH022LOGO ) Dow
Corning purchased 100 percent of Globe Metais Industria e Comercio
S.A., a silicon metal manufacturer in Para, Brazil, which will
immediately begin operating as Dow Corning Metais do Para Ltda. Dow
Corning has also acquired a 49 percent interest in Globe
Metallurgical Inc.'s silicon manufacturing operation in Alloy, West
Virginia (U.S.A.), WVA Manufacturing LLC. The operation will
continue to operate as WVA Manufacturing LLC. Dow Corning, a global
leader in silicone-based materials, relies on chemical grade
silicon as an essential raw material to manufacture nearly all of
its more than 7,000 products. "These acquisitions offer Dow Corning
an even more efficient and stable supply of silicon metal," said
Robert Hansen, Dow Corning's executive vice president and general
manager of Core Products. "This is yet another step to position
ourselves to better serve our customers' needs." Silicones are
important building blocks for products in the construction,
personal care, life sciences, energy, automotive and electronics
industries, among others. About Dow Corning Dow Corning
(http://www.dowcorning.com/) provides performance-enhancing
solutions to serve the diverse needs of more than 25,000 customers
worldwide. A global leader in silicones, silicon-based technology
and innovation, Dow Corning offers more than 7,000 products and
services via the company's Dow Corning® and XIAMETER® brands. Dow
Corning is equally owned by The Dow Chemical Company (NYSE:DOW) and
Corning, Incorporated (NYSE:GLW). More than half of Dow Corning's
annual sales are outside the United States.
http://www.newscom.com/cgi-bin/prnh/20081030/CLTH022LOGODATASOURCE:
Dow Corning Corporation CONTACT: Jarrod Erpelding of Dow Corning
Corporation, +1-989-948-4693, Web Site: http://www.dowcorning.com/
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