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Dow Chemical to Establish JV with Japan-Based Mitsui

日本东京(NASDAQ:MITSY)的DOW化学公司(NYSE:DOW)和Mitsui&Co.,Ltd.own and operate a new membrane chlor-alkali facility located at Dow’s Freeport, Texas, integrated manufacturing complex.

This landmark joint venture combines the strengths of two global companies to build a world-scale chlor-alkali plant on the US Gulf Coast.

The facility will be built using Dow's modern and efficient chlor-alkali technology, and takes the place of the previously announced Chlorine 7 project, which was a Dow-only venture.

DOW主席兼首席执行官Andrew Liveris说:“与三井的合资是我们采取行动战略的另一个有意义的例子 - 使我们能够以较低的成本和资本较少的资金向下游绩效业务提供构建障碍。”"Dow’s Basic Chemicals business is a world-class manufacturing franchise that delivers unique product and technology integration advantage to our downstream performance and market-driven businesses. This strategic joint venture bolsters our integration strength, while also liberating capital for investment in businesses that are technology- and customer-driven with higher, more consistent earnings."

预计新的氯藻级设施将于2013年中开始运营,每年约为800千吨。陶氏将根据合同合同运营并维护氯 - 阿尔卡利设施。建设将于2010年第四季度开始。该合资企业将在德克萨斯州的自由港,位置以及建造过程中约有500个建筑工作。

The joint venture’s new chlor-alkali production facility will fuel the growing feedstock needs of Dow’s performance businesses with cost-advantaged chlorine supply.

More than 70 percent of Dow’s chlor-alkali production is used to serve its growing performance and market-driven businesses.

Close of the transaction is expected in the third quarter of 2010, depending upon regulatory approvals and customary closing conditions.

Source:http://www.dow.com/

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