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.