Dow Corning And WACKER Receive
Government Approval to Build Siloxanes Facility in China
WACKER and Dow
Corning start raw material production at China’s largest
integrated silicone site
Dow Corning Opens Silicone Rubber
Plant in China to Support Asia Growth
Apr 12, 2004 CHEMICAL WEEK
Dow Corning to Emerge From Bankruptcy June 1; Plans Job Cuts
A U.S. Bankruptcy Court judge has submitted a plan under which Dow
Corning would emerge from
bankruptcy on June 1.
Dow Corning at a Glance
Dow Corning was established in
1943 specifically to explore the potential of silicones. It was
created as a joint venture between Corning Glass Works (now
Corning, Incorporated) and The Dow Chemical Company.
Today Dow Corning provides performance-enhancing solutions to
serve the diverse needs of more than 25,000 customers worldwide.
A global leader in silicon-based technology and innovation,
offering more than 7,000 products and services, Dow Corning is
equally owned by The Dow Chemical Company and Corning,
Incorporated. More than half of Dow Corning’s annual sales are outside the United
Dow Corning Bankruptcy
This is Dow Corning's statement
on the petition it filed for Chapter 11 protection from liability
lawsuits over its involvement in the manufacture of silicone
DATE: May 15, 1995
DOW CORNING VOLUNTARILY FILES FOR CHAPTER 11
Dow Corning corporation today announced that it has voluntarily
filed for protection under Chapter 11 of the United States
Bankruptcy Code with the United States Bankruptcy Court in Bay
11 filing immediately stops all lawsuits against the company," Hazleton explained.
Dow Corning And WACKER Receive Government Approval to Build
Siloxanes Facility in China
Dow Corning Corporation
(Midland, Michigan, USA) and Wacker Chemie AG (Munich, Germany)
announce that their manufacturing joint venture company Dow Corning
(Zhangjiagang) Co, Ltd. received official approval from
the Chinese government to jointly build a world-class siloxanes
manufacturing facility in China.
The new complex will be located in the Jiangsu Yangtze River
Chemical Industrial Park, Zhangjiagang 張家港 City, Jiangsu Province. Land
preparation and early construction tasks are under way. It will
benefit the growth of the silicone industry in China by providing
a stable and quality supply of silicone basic materials, “building blocks”
for many different
products that are used by various industries. Dow Corning and
WACKER also established another joint venture company to
build and operate a fumed silica plant on this integrated
Under the joint venture agreement, Dow Corning will
be responsible for the construction and development of the joint
siloxanes production facility, and WACKER for the
joint fumed silica plant 乾式シリカ.
Dow Corning was
established in 1943 specifically to explore the potential of
silicones. It was created as a joint venture between Corning
Glass Works (now Corning, Incorporated) and The Dow Chemical
DOW CORNING AND
WACKER CELEBRATE THE GROUNDBREAKING OF NEW SILOXANE FACILITY
Construction of China’s largest siloxane facility
officially began following the groundbreaking ceremony today
at the site in Zhangjiagang, China. Representatives from Dow
Corning Corporation (Midland, Michigan, USA) and Wacker
Chemie AG (Munich, Germany) celebrated this milestone with
their manufacturing joint venture company, Dow Corning
(Zhangjiagang) Co, Ltd. This world-class scale siloxane manufacturing facility will
be located in the Jiangsu Yangtze River Chemical Industrial
Park, Zhangjiagang City, Jiangsu Province. Also included in
the joint venture project is a fumed silica plant, which together will
support the vigorous growth and demand for silicone materials
of both the Chinese and Asian markets. The integrated site in
Zhangjiagang will also house other facilities owned and
operated separately by Dow Corning and WACKER for the
manufacture of silicone finished products.
siloxane and fumed silica together are planned to be
approximately 200,000 metric tons per year. It is expected that
full operational capacity will be phased in by the end of the
decade. The fumed silica plant is expected to start
production by the end of 2007. Total investment for the joint
venture projects is estimated to exceed 600 million U.S.
dollars in the coming years.
Dow Corning Opens
Silicone Rubber Plant to Support Asia Growth
Material serves as a key
ingredient in electronics, healthcare, construction and energy
Corning has announced the opening of a multi-million dollar
investment in a new silicone rubber plant to support growing
demand from customers in Asia.
Located at Zhangjiagang, in Jiangsu Province, the new
plant is the largest investment Dow Corning has made globally in
silicone rubber in the last ten years. The 6,000 square meters
site will manufacture High Consistency Rubber (HCR) and
Liquid Silicone Rubber (LSR) for a full spectrum of industrial
and consumer applications. It will serve the needs of
customers in China and throughout Asia.
Dow Corning broke ground at the Chemical Industry Park in
Zhangjiagang in September 2006 for the siloxane
manufacturing facility in a joint venture
with WACKER Chemie AG. Completion is expected during
Nov 14, 2014 Bloomberg
Dow Says Corning Wants to Exit 71-Year-Old
Dow Chemical Co. said its partner in a 71-year-old silicone venture that’s on
pace for $6 billion of annual sales wants to sell its half of the business, and
Dow could be the buyer.
Corning Inc. has “more priorities” than the Dow Corning partnership since it
bought Samsung Electronics Co.’s stake
in a separate venture, Dow Chemical Chairman and Chief Executive Officer
Andrew Liveris said yesterday in a presentation to investors.
“We are both very anxious to find the best
owner mindset there, without hurting Dow Corning,” Liveris said. “And who the
best owner is, I’ll let you reach your own conjecture. I don’t want to create a
headline out of this answer, but I do want to say it is part of the
Daniel F. Collins, a Corning spokesman, said the company is “happy with our
ownership stake” in the venture. Rachelle Schikorra, a spokeswoman for Dow
Chemical, said Liveris “didn’t say anything definitive” about buying the
John Roberts, an analyst at UBS Securities LLC who attended the investor
meeting, said in a note that he believes Dow is trying to buy Dow Corning.
Corning declined 1.7 percent to $20.35 at the close in New York. Dow Chemical
was little-changed at $49.96.
Dow Corning, established in 1943, produces silicones used in sealants, cosmetics
and tires. The joint venture, based in Midland, Michigan like Dow Chemical,
posted $476 million of net income on $4.54 billion of sales in the nine months
Liveris in under pressure from Third Point LLC, the activist investor founded by
Daniel Loeb, to improve returns at the largest U.S. chemical maker by revenue.
Liveris yesterday announced plans to reduce its stake in two Kuwaiti ventures as
part of a plan to divest as much as $8.5 billion of assets.
Corning in January closed on its deal to buy Samsung’s 43 percent stake in
Samsung Corning Precision Materials for $2.2 billion, according to data compiled
2013年10月23日、サムスングループは、米ガラス大手、コーニングとの液晶パネル向けガラス素材の合弁会社 Samsung Corning
Precision Materials Co., Ltd.