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Dow Sells Stake in LG Dow Joint Venture to LG Chem
9:45 AM MDT | October 7, 2010 | Deepti Ramesh
Dow Chemical says it has closed the sale of its 50% stake in the LG Dow Polycarbonate joint venture to LG Chem, for an undisclosed price. LG Dow Polycarbonate, a 50-50 joint venture of Dow and LG Chem, was established in 1999. Following the completion of this transaction, the LG Dow jv will be dissolved and the enterprise will be wholly owned by LG Chem. The enterprise will operate under the name of LG Polycarbonate, and will continue to serve existing customers and markets, Dow says. “The sale of Dow’s share of LG Dow is consistent with Dow’s...
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