Home / Knowledge / News / Company / Formation of Dow-Mitsui Chlor-Alkali LLC completed
Formation of Dow-Mitsui Chlor-Alkali LLC completed
20
Dec '10
The Dow Chemical Company announced that Dow and Mitsui & Co., Ltd., of Tokyo, Japan have completed the formation of a previously announced 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 companies also announced their appointments to the joint venture management team.

Named Dow-Mitsui Chlor-Alkali LLC, this landmark joint venture combines the strengths of two global companies to build a world-scale chlor-alkali plant on the U.S. Gulf Coast that will drive integration advantage for downstream businesses and customers. Dow will operate and maintain the new facility under contract to the joint venture.

"Completing the formation of Dow-Mitsui Chlor-Alkali LLC marks another key milestone in Dow's strategic transformation and underscores our commitment to the Company's long-term earnings profile," said Carol Williams, president, Dow Chemicals & Energy Division. "By enabling our world-class Basic Chemicals franchise to supply downstream performance businesses at lower cost and with less capital, this partnership bolsters our integration strength while liberating capital for investment in businesses that are technology- and customer-driven with higher, more consistent earnings."

Dow's share of the chlorine produced by Dow-Mitsui Chlor-Alkali LLC will serve the growing feedstock needs of the Company's performance and market-driven businesses with cost-advantaged chlorine supply. Dow will market the caustic soda on behalf of the joint venture. Mitsui's share of the chlorine produced by the joint venture will be converted to ethylene dichloride (EDC) by Dow for Mitsui's use. Mitsui will market the EDC world-wide.

The new chlor-alkali facility is expected to begin operations in mid-2013, and will have a capacity of approximately 800 kilotons per year. The new plant will create approximately 50 long-term jobs at the Freeport, Texas, location, as well as approximately 500 construction jobs.

As part of the closing transaction, Dow and Mitsui executives named the joint venture's management team. The Dow-Mitsui Chlor-Alkali LLC Management Team is comprised of:

• Todd A. Prey, Chief Executive Officer (previously Global Business Director, Dow Automotive Systems)
• Koichiro Tago, Chief Financial Officer (previously Investment Management Department, Chlor-Alkali Division, Mitsui)
• Kyle Shelton, Manufacturing Director (previously Production Leader, Chlorine 5, Texas Operations, Dow)
• Kenta Morii, Supply Chain Director (previously Investment Management Department, Chlor-Alkali Division, Mitsui)

Joint venture company headquarters will be located in Houston, Texas.

Dow Chemical Company

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search