MOSCOW (MRC) -- Dow Chemical plans to expand capacity and enhance production technologies and equipment at its four polyethylene (PE) production units in Bahia Blanca, Argentina, the company announced Thursday.
The four polyethylene units include LDPE, slurry, gas phase and solution.
These investments will enable Dow to produce more high-performance resins for flexible and rigid packaging applications to meet growing demand in Latin America, according to company officials.
The LDPE plant will be refurbished to enable production of resins for extrusion coating used in multiple packaging applications, while the slurry plant expansion will help drive growth of bimodal blow molding resins, which is currently in short supply in the region.
The gas phase plant, which produces resins for geomembranes and pipes, will also be refurbished for improved operational performance.
Finally, the solution plant expansion will bring more of Dow's popular DOWLEX and ELITE resins to market and enable Dow to increase its participation in high-value markets like food packaging and hygiene.
As MRC wrote previously, Dow Chemical has recently announced that it signed a definitive agreement under which ANGUS Chemical Co. will be sold to Golden Gate Capital for USD1.215 billion. The transaction is expected to close during the first quarter of 2015, subject to completion of customary regulatory filings.
The Dow Chemical Company is an American multinational chemical corporation. As of 2007, it is the second-largest chemical manufacturer in the world by revenue (after BASF) and as of February 2009, the third-largest chemical company in the world by market capitalization (after BASF and DuPont). Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber.
MRC