Dow Completes Sale of Interest in Cabo, Brazil, Vinyl Acetate Monomer Plant
Midland, MI - February 05, 2007 - The Dow Chemical Company (Dow) announced today that it completed the sale of its interest in the Vinyl Acetate Monomer (VAM) plant in Cabo de Santo Agostinho, State of Pernambuco, Brazil to JB Group on January 31, 2007.
As part of the transaction, employees of the Cabo facility, along with equipment and site-specific assets have been transferred to JB Group. Dow remains committed to the VAM business and VAM customers in Latin America, and will continue to serve as the local distributor of VAM from the Cabo plant.
Dow announced its intention to divest its interests in the plant on November 22, 2006.
VAM is a key raw material used in emulsion polymers, resins, and intermediates used in paints, adhesives, coatings, textiles, wire and cable polyethylene compounds, laminated safety glass, packaging, automotive plastic fuel tanks and acrylic fibers.
For more information about VAM, visit www.DowVAM.com.
About The Dow Chemical Company
Dow is a diversified chemical company that harnesses the power of innovation, science and technology to constantly improve what is essential to human progress. The Company offers a broad range of products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $49 billion and employs 43,000 people worldwide. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
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