# Dowon to acquire Hwaseung Chemical Vietnam's compound business

Dowon (Shandong Dawn Polymer) announced it will acquire the plastic and engineering plastic compound business of Hwaseung Chemical Vietnam Co., Ltd. for a tentative total purchase price of US$15.737 million, through its Singapore subsidiary.

- Type: Acquisition
- Announced: 2026-02-02
- Where: Dong Nai Province, Nhon Trach District, Nhon Trach 1 Industrial Park, Vietnam
- Value: $15.7M
- Status: announced
- Products: plastic and engineering plastic compounds
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Shandong Dawn Polymer](https://endata.com/companies/84394.md) (acquirer)
- [Hwaseung Chemical Vietnam Co.](https://endata.com/companies/86532.md) (target)
- [Hwaseung Chemical Co., Ltd.](https://endata.com/companies/90058.md) (partner)
- [Hwaseung Vina Co., Ltd.](https://endata.com/companies/90059.md) (partner)

## Sources

- [finance.ifeng.com](https://finance.ifeng.com/c/8qQJCegfvbR), 2026-02-02: "本次交易是公司推进全球化战略、深化海外布局的重要举措，旨在顺应重要客户产业链向越南等区域转移的趋势，通过实现本地化就近供应，巩固战略合作关系、提升客户黏性。"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.