MIDLAND, Mich. (Sept. 15)—Dow Corning Corp.'s joint venture in Japan—Dow Corning Toray Silicone Co. Ltd.—reached an agreement to buy the silicone division of Nippon Unicar Co. Ltd.
The purchase is expected to be finalized by Sept. 30. Both companies said they expect the consolidation of the two operations will "better meet the silicon-related technology and specialty material needs of customers in Japan."
Dow Corning Toray—a joint venture with Toray Industries Inc.—will offer the same or equivalent silicone products now sold by Nippon Unicar after completion of the sale.