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Business
Dow Corning Gets Silicon Metal Plants
by Marc S. Reisch
November 9, 2009
| A version of this story appeared in
Volume 87, Issue 45
Dow Corning has bought one silicon metal plant and acquired an interest in a second one from Globe Specialty Metals in a $175 million deal. Silicon metal is the raw material Dow Corning uses to make the silicones it is known for. The deal gives Dow Corning 100% ownership of Brazil’s Globe Metals Indústria e Comércio and a 49% interest in Globe’s Alloy, W.Va., silicon operation, which the two will manage as a joint venture. In 2003, Dow Corning acquired another silicon supplier, Simcala, for an undisclosed sum.
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