The Dow Chemical Company announced today that it has acquired from Repsol/YPF the company’s 28 percent interest in PBBPolisur. Dow now has full ownership of the Argentinean facility, which it purchased with Repsol/YPF in 1996.
Dow Argentina president, Oscar Vignart, underlined the significance of the acquisition to Dow: "PBBPolisur provides an important platform to the Mercosur and access to advantaged feedstock which ensure a reliable supply of polyethylene to our customers throughout the region. This investment increases our commitment to Argentina and to the plastics industry in general and will further consolidate Dow's position as one of the main producers of polyethylene in Latin America."
The acquisition will have no impact on operations at the facility, its leadership or its staffing.
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