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Petronas buys Optimal from Dow for US$660 mn
31 Jul '09
4 min read
Established in July 1998, the OPTIMAL Group of Companies currently comprises three joint ventures involving PETRONAS, Malaysia's national petroleum corporation, and Union Carbide Corporation, a wholly owned subsidiary of The Dow Chemical Company: OPTIMAL Olefins (Malaysia) SDN. BHD. (PETRONAS: 64.25%, UCC: 23.75%, Sasol: 12%), OPTIMAL Glycols (Malaysia) SDN. BHD. (PETRONAS: 50%, UCC: 50%) and OPTIMAL Chemicals (Malaysia) SDN. BHD. (PETRONAS: 50%, UCC: 50%).
Headquartered in Kuala Lumpur, OPTIMAL manufactures more than 70 products and serves key markets in the Asia-Pacific region from its world-scale petrochemical facility located in Kerteh, Terengganu, Malaysia.
Dow is a diversified chemical company that combines the power of science and technology with the “Human Element” to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in approximately 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products.
In 2008, Dow had annual sales of $57.5 billion and employed approximately 46,000 people worldwide. The Company has 150 manufacturing sites in 35 countries and produces approximately 3,300 products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10 billion in 2008, 98 manufacturing sites in 30 countries and approximately 15,000 employees worldwide.
PETRONAS was incorporated in 1974. It is wholly-owned by the Malaysian government and is vested with the entire ownership and control of the petroleum resources in Malaysia.
Headquartered in Kuala Lumpur, OPTIMAL manufactures more than 70 products and serves key markets in the Asia-Pacific region from its world-scale petrochemical facility located in Kerteh, Terengganu, Malaysia.
Dow is a diversified chemical company that combines the power of science and technology with the “Human Element” to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in approximately 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products.
In 2008, Dow had annual sales of $57.5 billion and employed approximately 46,000 people worldwide. The Company has 150 manufacturing sites in 35 countries and produces approximately 3,300 products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10 billion in 2008, 98 manufacturing sites in 30 countries and approximately 15,000 employees worldwide.
PETRONAS was incorporated in 1974. It is wholly-owned by the Malaysian government and is vested with the entire ownership and control of the petroleum resources in Malaysia.
Dow Chemical Company
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