Korea LG Chem buys remaining stake in LG Dow Polycarbonate

Source: ICIS News


HOUSTON (ICIS)--South Korean producer LG Chem has bought Dow Chemical's 50% stake in their joint venture, LG Dow Polycarbonate, Dow said on Tuesday.

LG Chem now owns all of LG Dow Polycarbonate, Dow Chemical said. Most likely, LG Dow will operate under the name LG Polycarbonate and continue serving its current customers and markets.

The two companies established the joint venture in early 1999 and started production in 2001, LG-Dow said.

In 2007, the joint venture added a second train to its site at Yeosu, South Korea, increasing capacity to 170,000 tonnes/year, LG-Dow said.

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