Dow Corning, Wacker on track with Asian JV plan

By Patrick Raleigh, ERJ On-line news editor

Midland, Michigan-Dow Corning Corp. and Wacker-Chemie GmbH remain on-track with their previously announced plans to establish a joint venture somewhere in Asia, according to representatives of both companies.

Dow and Wacker are now “in the final stages of negotiation” about the plan, and these talks could be completed quite soon, a Dow Corning spokeswoman said in a 13 Sept telephone interview, “Negotiations are at an advanced stage,” a Wacker spokesman concurred in a seperate interview.

In May 2003, Midland-based Dow Corning…