# Dow secures full ownership of MHPPO propylene oxide plant in Thailand

Siam Styrene Monomer Co., Ltd. (SSMC), a joint venture between Dow and SCG Chemicals, announced an adjustment of capital structure in MTP HPPO Manufacturing Co., Ltd (MHPPO). Effective immediately, Dow secures full ownership of MHPPO, which produces propylene oxide for polyurethane manufacturing in Rayong, Thailand.

- Type: Acquisition
- Announced: 2019-10-02
- Where: Asia Industrial Estate, Rayong province, Thailand
- Status: completed
- Capacity: 390,000 tons per year
- Products: propylene oxide
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Dow](https://endata.com/companies/2996.md) (acquirer)
- [SCG Chemicals](https://endata.com/companies/7171.md) (partner)
- [Siam Styrene Monomer Co., Ltd.](https://endata.com/companies/42498.md) (partner)
- [MTP HPPO Manufacturing Co., Ltd](https://endata.com/companies/42499.md) (target)

## Sources

- [scgnewschannel.com](https://www.scgnewschannel.com/en/scg-news/ssmc-in-scg-dow-group-announces-an-adjustment-of-capital-structure-in-propylene-oxide-business/), 2019-10-02: "Effective immediately, Dow secures full ownership of MHPPO, which is located in Asia Industrial Estate, Rayong province, and produces propylene oxide for polyurethane manufacturing."

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