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Markets :: Plastics :: Polypropylene

Braskem to Acquire Dow’s PP Business for $340 Million

3:12 PM MDT | August 8, 2011 | —LINDSEY BEWLEY

de Mendonca: Boosting PP business in U.S. Braskem has announced plans to acquire Dow Chemical’s polypropylene (PP) business for $340 million. The deal includes Dow’s PP manufacturing facilities at Schkopau and Wesseling, Germany, and Freeport and Seadrift, TX. The deal increases Braskem’s U.S. PP capacity by 50%, to about 3.1 billion lbs/year, making it the largest U.S. producer. Dow’s PP business has capacity to produce about 1.26 billion lbs/year at Schkopau; 771 million lbs/year at Wesseling; and about 550 million lbs/year at Freeport...

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