Dow Chemical to Purchase All Ownership in its Joint Venture Enterprise
Year:1998 ISSUE:15
COLUMN:OTHER
Click:192 DateTime:Jan.04,2006
Dow Chemical to Purchase All Ownership in its Joint Venture Enterprise
Dow Chemical has signed an agreement with Zhejiang Chemical Plant on buying
50% ownership of Zhejiang Pacific Chemical Co., Ltd. held by the Chinese side.
The transaction volume has not been disclosed yet. The ownership transfer
has been approved by the Ministry of Foreign Trade and Economic Cooperation.
The move is an important link of Dow global polyurethane strategy. It will
enable Dow to exercise more direct control over regional operations and
bring Dow investment in the Asia-Pacific Region to a new high.