On a side note... Dow Corning joint venture
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Dow Corning joint venture
Dow officials on Friday also announced the signing of definitive agreements to restructure the ownership of Dow Corning Corp. "Unanimously approved by Dow's Board of Directors, the transaction is highly complementary to the strategic objectives of Dow and offers significant potential to enhance value for shareholders," a separate Dow news release states.
Dow will become the 100 percent owner of Dow Corning, which is a joint venture equally owned by Dow and Corning Inc. Dow and Corning will maintain their current equity stake in Hemlock Semiconductor Group, the release states.
Michigan-based Dow Corning: Timeline of a global success story
"With Dow and Dow Corning coming together, Dow will extend its participation in consumer solutions and infrastructure solutions segments by increasing Dow's product offerings in several attractive end use applications such as building and construction, consumer care, and automotive," the release states.
http://www.mlive.com/news/saginaw/index.ssf/2...ow_to.html