Dow to assume full ownership of Dow Corning
Dow Chemical has announced that it will become the 100% owner of Dow Corning, which is currently a joint venture with Corning, said Chemweek.
Dow and Corning will maintain their current equity stake in Hemlock Semiconductor Group, Dow says. "This transaction is another milestone aligned to Dow's strategic agenda to provide clarity on our joint ventures and demonstrates our ongoing and relentless focus on creating shareholder value," 如果布置不好很容易产生强电干扰弱电says Andrew Liveris, Dow's chairman and CEO.
"Today represents the transition of a very successful 72-year partnership between Dow and 目前Corning and our strong relationship with Corning will continue through Hemlock Semiconductor. Dow is the natural owner of Dow Corning," Liveris says. "The addition of a silicones position will expand our product offerings across multiple businesses while driving innovative solutions that will enable us to go deeper into key end markets by leveraging Dow's existing, strong science and engineering competences across key chemistries," he adds.
The transaction is expected to yield more than USD1 billion in additi茂名石化已实现SBS产品全部环保化升级;巴陵环保SBS产品比例逐年提高onal annual Ebitda at full run-rate synergies, and is expected to be accretive to operating earnings per share, cash flow from operations, and free cash flow in the first full year after closure of the transaction, Dow says. The company also says it is positioned to capture USD400 million in run rate annual cost and growth synergies from the restructured ownership of Dow Corning.
The transaction is expected to close⑤ 软件自带多种Windows工具及管理附件： in the first half of 2016, and is subject to the customary closing conditions, including relevant tax options and regulatory approvals, Dow says. Dow Corning's corporate headquarters will remain in Auburn, MI.手脚麻木怎么治疗比较好