Dow Corning Corporation has entered into an agreement to acquire a 49 percent ownership interest in Timminco Limited's silicon metal manufacturing facility in Bécancour, Quebec, in a transaction estimated at $39.7 million. The transaction is expected to be completed on or about September 30, 2010. To complete the transaction, Dow Corning and Timminco will form a joint venture that will consist of the existing silicon metal operations of BécancourSilicon Inc., a wholly owned subsidiary of Timminco. The Bécancour site will initially produce 47,000 metric tons of silicon metal, of which Dow Corning will receive 49 percent.
Dow Corning to Acquire Stake in Quebec Silicon Metal Manufacturing Facility
Published August 11, 2010
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