Prey Named Chief Executive Officer of New Chlor-Alkali Joint Venture
According to Business, Wire, the Dow Chemical Company and Mitsui & Co. Ltd. of Japan have announced the appointment of Todd A. Prey as chief executive officer of their new chlor-alkali manufacturing joint venture. The two companies announced on July 1, 2010, a definitive agreement to form a 50:50 manufacturing joint venture to construct, own and operate a new membrane chlor-alkali facility located at Dow’s Freeport, Texas, integrated manufacturing complex. The joint venture’s new chlor-alkali production facility will provide Dow’s performance and market-driven businesses with cost-advantaged chlorine supply and will further strengthen the integration and cost advantage of Dow’s world-class Basic Chemicals franchise. Prey most recently served as global business director, Dow Automotive Systems and brings more than 20 years of chemicals and plastics industry experience to the joint venture company through his Dow career and, previously, in a variety of roles for Union Carbide Corporation.