MIDLAND, Mich. (May 28)—Dow Corning Corp. and Germany's Wacker Chemie GmbH are studying the viability of a joint venture in Asia to make silicone intermediates and fumed silica used in a range of industrial and consumer applications. The companies jointly would develop a fully integrated silicone intermediates and silica site in Asia, using each company's specific expertise and technology. However, the two companies would independently develop and operate their own manufacturing facilities for finished products at the same site and continue to operate independently in the marketplace, they said. The companies said they believe the cost and quality advantages of an integrated site in the region would benefit local customers and help develop local markets and communities further. Peter-Alexander Wacker, president and CEO of Wacker, said his company expects double-digit growth rates in Asia over the next several years.
Dow Corning, Wacker study Asian silicone joint venture
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