Dow Corning Corp. has
acquired two chemical-grade silicon manufacturing assets from Globe Specialty
Metals in an acquisition valued at approximately $175 million (USD).
Corning purchased 100 percent of Globe Metais Indústria e Comércio
S.A., a silicon metal manufacturer in Pará, Brazil, which will immediately
begin operating as Dow Corning Metais do Pará Ltda.
Corning has also acquired a 49-percent interest in Globe Metallurgical Inc.’s
silicon manufacturing operation in Alloy, WV, WVA Manufacturing LLC. The
operation will continue to operate as WVA Manufacturing LLC.
Corning, a global leader in silicone-based materials, relies on chemical-grade
silicon as an essential raw material to manufacture nearly all of its more than
“These acquisitions offer Dow Corning an
even more efficient and stable supply of silicon metal,” said Robert Hansen,
Dow Corning’s executive vice president and general manager of Core Products.
“This is yet another step to position ourselves to better serve our customers’
For more information, visit www.dowcorning.com