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Styron assumes 50% ownership stake in Sumitomo Dow Asia Polycarbonate JV

October 28/2010

(Styron) -- Styron announced that it had assumed ownership of the 50 percent share that was formerly owned by The Dow Chemical Company in joint venture Sumitomo Dow Limited. The announcement was made as part of Styrons presence at K2010, Dusseldorf, Germany.
 

The company is now a 50:50 joint venture owned equally by Sumitomo Chemical and Styron. The transaction closed on September 24, and financial terms were not disclosed. The transaction is consistent with Dows divestiture of Styron to Bain Capital Partners in June 2010.


The joint venture will operate under a new name that will be announced around the end of this year, and will continue to be headquartered in Tokyo.


The JV will continue to serve its customers and market polycarbonate products under the trademarks CALIBRE polycarbonate resins and SD POLYCA resins.

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