Dow Polyurethanes to acquire 51% stake to gain total ownership of Thai comp...

In line with Dow's strategy of investing in its downstream Performance businesses, Dow Polyurethanes has acquired the remaining 51% stake of Pacific Plastics (Thailand) Limited (PPTL), a polyols and polyurethane systems facility located in Map Ta Phut, Thailand. PPTL is a joint venture between Dow, Siam Cement Group (SCG) and two other minority partners. Upon completion of the transaction, the polyols and polyurethane systems facility will be wholly owned by Dow.