Dow completes acquisition of Korea's Pacific Epoxy Co.

Citation

(2005), "Dow completes acquisition of Korea's Pacific Epoxy Co.", Anti-Corrosion Methods and Materials, Vol. 52 No. 6. https://doi.org/10.1108/acmm.2005.12852fab.017

Dow completes acquisition of Korea's Pacific Epoxy Co.

Dow completes acquisition of Korea's Pacific Epoxy Co.

The Dow Chemical Company, Midland, MI, has completed the acquisition of Pacific Epoxy Co., Ltd, a manufacturer of converted epoxy resins in Korea, from Saehan Industries, Inc. Dow had previously acquired 80 percent of Pacific Epoxy Co., Ltd, in January 2001. The current agreement is for the remaining 20 percent of the company. Terms of the agreement were not disclosed.

Dow has now become the 100- percent owner of the Pacific Epoxy Co., Ltd, facility in Kumi, Korea. The 30,000 MT (66-million lb) per year converted epoxy resin plant currently supplies brominated, solid and solid- solution epoxy resins for use in protective coatings, electronics and specialties.

“This acquisition highlights Dow's commitment to the epoxy industry and the important role that the Asia Pacific region will continue to play for Dow and our customers,” said Patrick Ho, business vice president of Dow Epoxy Products & Intermediates.

Dow is reported to be the world's largest global supplier of epoxy products and intermediates and the most committed epoxy manufacturer in Asia Pacific. The company currently operates three epoxy manufacturing facilities in the region, including a 40,000 MT/year (88-million lb) facility in Kinu Ura, Japan; a 41,000 MT/year (90-million lb) facility in Zhangjiagang, China; and the Pacific Epoxy Co., Ltd, Kumi facility in Korea. Earlier this year, Dow announced its plan to build a state-of-the-art R&D Center in China to better serve its customers.