Dow Canada to sell chlor-vinyl business in Western Canada

Chemical News: Dow Canada to sell chlor-vinyl business in Western Canada

https://www.chemnet.com Aug 15,2007 RubberWorld.com
Midland, MI -- Dow Chemical Canada has announced it has signed an agreement to sell Dow’s caustic soda business in Western Canada to Univar Canada Ltd. This sale includes the West Coast Distribution Center terminal assets which consist of marine, rail and truck facilities in North Vancouver, British Columbia, as well as miscellaneous equipment. Close of the transaction is expected as soon as practicable in 2007, subject to regulatory approval. Dow, is maintaining its caustic soda business in the remainder of the world, including Eastern Canada. Philippe Raynaud de Fitte, business vice president, Chlor-Vinyl and VAM, stated “Since we shut down chlor-alkali production at Fort Saskatchewan in 2006, Dow’s role in the Western Canada chlor-alkali business has been one of distribution. This does not fit with our established business model in which raw material supply, manufacturing and distribution are fully integrated to maximize competitive advantage." Dow is the world’s leading caustic soda solution producer. According to the commpany, caustic soda is an essential ingredient in an array of industrial operations, including pulp and paper, textiles, soap and detergents, bleach, petroleum products and alumina, along with many other uses in the chemical processing industry.

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