Ashland Composite purchases Derakane business.Ashland Composite Polymers, Dublin OH, a business group of Ashland Specialty Chemical A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. , Inc., has signed an agreement to purchase the Derakane[R] epoxy vinyl ester Vinyl Ester, or Vinylester, is a resin produced by the esterification of an epoxy resin with an unsaturated monocarboxylic acid. The reaction product is then dissolved in a reactive solvent, such as styrene, to a 35 - 45 percent content by weight. resin business from The Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. . With annual sales of $70 million, the Derakane products, including the Derakane Momentum line, are used in fiber reinforced plastics (FRP FRP Fremskrittspartiet (Norwegian: Progress Party; political party) FRP Fiberglass-Reinforced Plastic FRP Fiber Reinforced Polymer FRP Fibre Reinforced Polymer FRP Fleet Response Plan (US Navy) ) applications to provide corrosion resistance and structural strength. The purchase, which is valued at approximately $92 million, was expected to be finalized in late 2004 or early 2005 upon completion of regulatory reviews. |
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