The Dow Chemical Company today announced the successful completion of the transaction with Corning, Inc. to restructure ownership of Dow Corning, making Dow the 100 percent owner of Dow Corning’s silicones business. On this historic day, we are excited to build on the strong R&D heritage of both companies by bringing together the best of our technology platforms to grow with you.
As we now work to integrate our two companies in the coming months, we will focus on delivering even greater value and a wider breadth of solutions, improved regional and global service, and more innovation. Combining Dow Corning’s silicones technology with Dow’s industry-leading science and engineering will help bring new, differentiated solutions to customers faster. We also want to assure you of our commitment to providing a high-quality, reliable supply of silicone products – today, tomorrow and into the future.
We understand you may have questions about the impact of this transaction on order fulfillment, invoicing, technical support, service and personal relationships. Our priority is a seamless transition for our customers. Please continue to work with your existing sales, technical, and customer service representatives, just as you have in the past. They will help answer your questions on any transactional issues that arise over the next several weeks and keep you informed on our integration progress. For those of you who have representatives at Dow Corning and Dow, please continue to address your questions to them at their respective companies. In the coming months, we will work to streamline the process.
For the near future, Dow Corning will continue to serve customers through the Dow Corning, XIAMETER and Molykote brand names. All legal entity names, mailing addresses, tax ID numbers and VAT numbers, remit-to information, invoice, bank account and payment information also are unchanged at this time. As the integration progresses, we will update you should there be any changes. Please be assured that any changes will be driven by the goal of increasing your satisfaction and success.
With our very best wishes for an exciting future working together,
Commercial Vice President
Dow Corning Corporation