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Braskem is buying Dow Chemical's PP business

July 28/2011

(Braskem) -- Braskem, the leading resin producer in the Americas, announced the acquisition of the Polypropylene Business from The Dow Chemical Company for USD 323 million. This transaction represents an important step in Braskems growth strategy in the Americas and consolidates its polypropylene leadership in the U.S.


The assets involved in the deal include two manufacturing plants in the U.S. and two in Germany, with a total annual polypropylene production capacity of 2.3 billion pounds. The plants in the U.S. are located at Freeport, TX and Seadrift, TX, and will increase Braskems polypropylene capacity by 50% in the region to an annual production capacity of 3.1 billion pounds. The two plants located in Germany, at the petrochemical complexes of Wesseling and Schkopau, have annual capacity of 1.2 billion pounds of polypropylene.


The transaction is expected to close by the third quarter 2011 pending regulatory approvals.


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Tags:PP, Dow.
Category:General News
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