THE INVESTOR

메뉴열기

SK to acquire Dow Chemical’s PVDC unit

PUBLISHED : October 11, 2017 - 17:17

UPDATED : October 11, 2017 - 17:17

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] An affiliate of SK Innovation has signed a deal to purchase a chemical unit under Dow Chemical to expand its packaging product businesses, the company said on Oct. 11.

The deal is the second transaction between SK Global Chemical and the US chemical company. The SK affiliate bought Dow Chemical’s ethylene acrylic acid business for US$370 million earlier this year.



The sale price of Dow’s polyvinylidene chloride (PVDC) business is not revealed as the company has no obligation to make a public report on deals worth less than 2.5 of its capital ratio or 98 billion won, officials said. The deal could be worth US$100 million won, according to sources.

PVDC is used for clear film packaging including plastic food wrap.

The deal was a part of SK Innovation’s future strategy, which aims to expand automotive materials and packaging business and help its affiliate SK Global Chemical become one of the top 10 chemical companies in the world by making “continuous investment,” the company said.

By Cho Chung-un/The Korea Herald (christory@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
JUVENILE PROTECTION MANAGER : Shin Chang Hoon
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0615|Business info
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.