Mobile Navigation

Business & Economics

View Comments

Braskem completes its acquisition of Dow’s polypropylene business

| By Dorothy Lozowski

The Dow Chemical Company (Midland, Mich.; www.dow.com) has closed the sale of its global polypropylene business to Braskem S.A. (São Paulo, Brazil; www.braskem.com.br). In addition to the transaction, the two companies will continue to evaluate potential future collaborations on growth opportunities in connection to their strategies. The assets involved in the transaction included Dow’s polypropylene manufacturing facilities at Schkopau and Wesseling, Germany, and Freeport and Seadrift, Texas, with a total polypropylene production capacity of 1.05 million ton/yr. The two U.S. manufacturing plants will be fully integrated into Braskem America, Inc. The two Germany plants will operate under Braskem Europe GmbH. Dow’s Polypropylene Licensing & Catalyst business and related catalyst facilities were excluded from the scope of the transaction.

 

There is no pdf available for this short news item