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Business
Dow Corning Invests In Silicon Metal
by Marc S. Reisch
August 16, 2010
| A version of this story appeared in
Volume 88, Issue 33
Dow Corning has agreed to pay nearly $40 million for a 49% interest in Timminco’s silicon metal facility in Bécancour, Quebec. As part of the deal, which is set to close on Sept. 30, Dow Corning will receive 49% of the plant’s annual output of 47,000 metric tons. The company says the purchase helps it to diversify its raw materials for silicon-based materials. In November 2009, it bought silicon metal assets in West Virginia and Brazil from Globe Specialty Metals in a $175 million deal. Silicones competitor Wacker Chemie recently agreed to buy a silicon metal plant in Norway from Fesil Group for $80 million.
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