Dow takes over polyurethanes JV
Dow Polyurethanes, a business group of America’s The Dow Chemical Company, is to take full control of Pacific Plastics (Thailand) Limited (PPTL) — a joint venture between Dow, Siam Cement Group and two other minority partners which owns and operates a polyols and polyurethane systems facility in Map Ta Phut, Thailand — through the acquisition of the 51% remaining shares in the company. No financial details of the transaction have been disclosed.