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
NEWSWIRE
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
http://www.dowcorning.com/content/about/default.asp
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
States
Dow Corning Bankruptcy
http://www.courttv.com/archive/legaldocs/business/corning.html
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 breast implants.
autoimmune disease:自己免疫疾患
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
City, Michigan.
Our Chapter
11 filing immediately stops all lawsuits against the company," Hazleton explained.
2006/8/8 Dow
Corning
Dow Corning And WACKER Receive Government Approval to Build
Siloxanes Facility in China
http://www.dowcorning.com/content/news/zhangjiagang.asp?DCWS=&DCWSS=
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
manufacturing site.
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 Company.
注 シリコンは珪素
シランは有機珪素モノマー
シロキサンはそのポリマー
シリコーンは有機ポリシロキサンをべ一スとした材料の総称乾式シリカ（ヒュームドシリカ）は二酸化珪素（ＳｉＯ２）で主な用途はシリコーン樹脂の充填材
他に、不飽和ポリエステル・エポキシ樹脂・塗料等の垂れ防止剤などに使われる。
DOW CORNING AND WACKER CELEBRATE THE GROUNDBREAKING OF NEW SILOXANE FACILITY IN CHINA
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.
Capacities for 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
industries
Dow 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
2010.
Dow Says Corning Wants to Exit 71-Year-Old
Venture
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
conversation.”
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
partner’s stake.
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.
Under Pressure
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
through September.
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
by Bloomberg.
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. の全株を2014年3月末までにコーニングに売却すると発表した。この合弁会社は営業利益率が50％を超えており、サムスングループで最も利益率が高い超優良企業で、売却発表に韓国の産業界では驚きの声も上がっている。
株主は、Corningが50％、Samsung Display が42.64％など。利益のほとんどを配当に回しており、サムスングループ、コーニングの双方にとって貴重な「キャッシュマシン」だった。