Covestro increases stake in DIC Covestro Polymer JV to 80%

Covestro raised its stake in the joint venture DIC Covestro Polymer Ltd. (DCP) from 50% to 80%, acquiring an additional 30% from DIC Corporation. The investment is in the low double-digit million EUR range and is part of Covestro's expansion of its global TPU business.

“The strong and long-term partnership of both companies, as well as our thorough understanding of the future growth potential make this acquisition a fitting step in Covestro's growth strategy focusing on sustainability driven innovation.”siliconecloth.com

• 1 source
• siliconecloth.comCovestro becomes majority stakeholder in DIC Covestro Polymer joint venture in Japan – Silicone ClothJul 15, 2019

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