Dow Corning to acquire part ownership in Quebec manufacturing facility

Dow Corning soon will be part owner of a Quebec silicon metal manufacturing company.

The Midland-based company recently announced that it will acquire a 49 percent ownership interest in Bécancour Silicon Inc., which is owned by Toronto-based Timminco Limited, for $39.7 million.

The joint venture is expected to be completed around Sept. 30.

Excerpt:

"This acquisition is well aligned with Dow Corning's global strategy of securing an efficient and sustainable supply of this critical raw material used to manufacture all of our silicon-based products," said Robert Hansen, Dow Corning's executive vice president and general manager of Core Products, in a statement.

The Bécancour site will initially produce 47,000 metric tons of silicon metal, of which Dow Corning will receive 49 percent.

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