dow corning

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      Dow Corning Corporation, was an American multinational corporation headquartered in Midland, Michigan, United States, and was originally established as a joint venture between The Dow Chemical Company and Corning Incorporated. In 2016, Dow bought out Corning, making Dow Corning a 100% Dow subsidiary. After a brief existence as a DowDuPont-owned company, Dow spun out from DowDuPont on April 1, 2019. The new company, Dow Silicones Corporation, which is wholly owned by Dow, specializes in silicone and silicon-based technology, and is the largest silicone product producer in the world.


      History



      Dow Corning was formally established in 1943 as a joint venture between the American conglomerates Dow Chemical and Corning Glass to explore the potential of silicone and was a manufacturer of products for use by the U.S. military in World War II. The company began operating its first plant, in Midland, MI, in 1945. Dr. E. C. Sullivan was named president, and Dr. William R. Collings was named general manager in 1943. Dr. Collings later became president from 1954 until 1962. It expanded into Canada and Europe in 1948, and into South America and Japan in 1961.
      A large, majority-owned subsidiary of Dow Corning Corporation is the Hemlock Semiconductor Corporation. It is one of the world's largest producers of high-purity polycrystalline silicon, which is sold in varying purity grades for use in both semiconductor silicon wafer manufacture and photovoltaics applications as solar cells.
      On November 13, 2014, The Dow Chemical Company's former CEO Andrew N. Liveris revealed in a presentation to investors that Corning Incorporated intended to exit the joint venture of 71 years, citing other priorities. Following the December 11, 2015 announcement that it would merge with DuPont, Dow also announced on the same day that it had reached a deal to acquire Corning's stake in Dow Corning in exchange for $4.8 billion in cash and Corning gaining a roughly 40% stake in Hemlock Semiconductor Corporation. Dow Chemical assumed full ownership of Dow Corning on June 1, 2016. The company changed its name to Dow Silicones Corporation in 2018.


      Products


      Dow Corning marketed over 7000 products, including various sealants, adhesives, rubbers, lubricants, silicon oils and solvents. Around 2,100 of these are available through the Dow Corning online-only distributor Xiameter, including fluids, gels, resins. The range of industries targeted by Dow Corning products spans from electronics and automotive to construction, healthcare and others. In recent years, the company has expanded production of solar cells, particularly through its majority stake in Hemlock Semiconductor Corporation, which accounts for a polysilicon franchise worth over $1 billion. In 2011, then-CTO Gregg Zank explained that the company tries to focus its product development on societal “megatrends” (e.g. energy scarcity and urbanization).


      Problems with breast implants


      Throughout the 1980s and 1990s, class-action lawsuits brought by tens of thousands of plaintiffs claimed that Dow Corning's silicone breast implants caused systemic health problems. The claims first centered on breast cancer and then migrated to a range of autoimmune diseases, including lupus, rheumatoid arthritis and various neurological problems. This led to numerous lawsuits beginning in 1984 and culminating in a 1998 $3.2 Billion class action settlement. As a result, Dow Corning was in bankruptcy protection for nine years, ending in June 2004 during which time it largely withdrew from clinical markets.
      Although a number of independent reviews, including the Institute of Medicine in the United States, subsequently indicated that silicone breast implants do not cause breast cancers or any identifiable systemic diseases, on 21 March 2017, the FDA issued a statement indicating that women with breast implants have a "very low but increased risk" of getting a rare form of cancer called anaplastic large-cell lymphoma (ALCL). The cancer is associated with nine deaths, the FDA said. These findings have caused an uptick in breast implant removal surgeries.


      References




      External links



      Official website

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    Materials Science for a Better Future | Dow Inc.

    Dow's technologies provide a range of benefits for food-contact, healthcare, paper and film coating, and other applications with silicone release coatings and agents.

    Dow Corning - Wikipedia

    Dow Corning Corporation, [3] [4] was an American multinational corporation headquartered in Midland, Michigan, United States, and was originally established as a joint venture between The Dow Chemical Company and Corning Incorporated. In 2016, Dow bought out Corning, making Dow Corning a 100% Dow subsidiary.

    Product and Brand Index Catalog | Dow Inc.

    Explore Dow’s extensive portfolio of solutions by category, product or brand.

    Dow Corporate | Company News, Careers, & Inclusion Initiatives

    3 days ago · Learn how we make the world a better place as Team Dow. Through respect and integrity, we lead with our core values and innovative spirit to create more sustainable materials science solutions for everyone.

    Our Company | Corporate Dow - Dow Chemical Company

    At Dow, we are a diverse group of problem solvers who create products and solutions using our deep experience and understanding of materials science. We strive to lead our industry while delivering best-in-class performance.

    Dow completes strategic ownership restructuring of Dow Corning …

    Dow is now 100 percent owner of Dow Corning’s silicones business, which had 2015 revenues of greater than $4.5 billion and is expected to generate more than $1 billion of annual EBITDA for Dow at full run-rate synergies.

    Adhesives and Sealants | Dow Inc.

    Dow's adhesive, bonding, and sealant formulations create reliable, long-lasting bonds for a wide range of substrates and applications.

    Corning Incorporated Completes Strategic Realignment of Interest in Dow ...

    Jun 1, 2016 · Corning has exchanged its 50% interest in Dow Corning for a newly formed company that holds approximately a 40% interest in Hemlock Semiconductor Group and $4.8 billion in cash. Corning received a private letter ruling from the Internal Revenue Service that supports the substantially tax-free nature of the transaction.

    DowDuPont Splits Into 3 Companies. What to Know About Dow …

    Dow stock (DOW) is already trading as an independent company. Here’s everything you need to know about all three companies to select the investment that best fits your needs.

    Corning Inc. - Wikipedia

    Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications.