Dow Chemical and Kuwait Petroleum in JV

摘要

The Dow Chemical Company and Petrochemical Industries Company (PIC) of the State of Kuwait,a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC),have announced plans to form a 50/50 joint venture global petrochemicals company.The joint venture,to be headquartered in the United States,will manufacture and market polyethylene,ethyleneamines,ethanolamines,polypropylene,and polycarbonate.The JV is expected to have revenues of more than 11 billion (pro forma) and employ more than 5,000 people worldwide.