Dow Corning, Wacker plan Asian joint venture.
Wacker-Chemie GmbH, Munich, Germany, and Dow Corning, Midland, MI, have finalized the master agreement for their planned Asian joint ventures to produce silicone intermediates and fumed silica in the Shanghai, China, area. According to the agreement that has been approved by both boards of directors, the partners intend to build a world-scale production complex for siloxane siloxane /si·lox·ane/ (si-lok´san) any of various compounds based on a substituted backbone of alternating silica and oxygen molecules; in polymeric form they are polysiloxanes, and when the side chain substituents are organic radicals, they are silicones. and fumed silica. The joint ventures will involve capital expenditures totaling several hundred million dollars. Construction work is scheduled to start immediately upon issuing of the necessary licenses by the Chinese authorities.
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