View Cart (0 items)

Dow Corning to Acquire a 49-Percent Stake in Quebec Silicon Metal Manufacturing Facility

August 11, 2010
/ Print / Reprints /
| Share More
/ Text Size+

PRNewswire reports that Dow Corning Corporation has entered into an agreement to acquire a 49 percent ownership interest in Timminco Limited''s silicon metal manufacturing facility in Becancour, Quebec, in a transaction estimated at $39.7 million. The transaction is expected to be completed around September 30, 2010. To complete the transaction, Dow Corning and Timminco will form a joint venture that will consist of the existing silicon metal operations of Becancour Silicon Inc., a wholly owned subsidiary of Timminco. The Becancour site will initially produce 47,000 metric tons of silicon metal, of which Dow Corning will receive 49 percent.

You must login or register in order to post a comment.

Related Events