China has decided to greenlight the merger of chemical giants Dow Chemical and DuPont after nearly a year of antitrust investigations, but asked the two to divest some businesses as preconditions of the approval. The Ministry of Commerce said Tuesday [2 May 2017] in a statement that the merger will boost their market shares for some chemicals and limit competition in the Chinese market and beyond…Full Article: ECNS.cn May 2017
- According to the Ministry of Commerce, the merged company [DowDuPont] would control 40% of China’s weed killer (pesticide) market, as well as 100% of its ionomers [sealants, dental cement] and 75% of its acid copolymers [food packaging adhesives] markets.
- In December 2015, Dow Chemical (founded 1897, HQ in Michigan) announced it would merge with DuPont (founded in 1802, HQ in Delaware). The new company, DowDuPont, would have an estimated value of USD 130 billion. During the same month, Dow Chemicals announced they would sell/divest its global herbicide business.
- In December 2007, DuPont formed a joint venture with Beijing Weiming Kaituo Agriculture Biotechnology Co., Ltd. (BWK) to develop genetically modified crops. Peking University and its affiliate, Peking University Weiming Biotech Group Co., Ltd., are stakeholders in BWK.
- In 2002, DuPont Pioneer and China’s Denghai Seed Group formed the corn seed joint-venture Shandong Denghai Pioneer Seeds Co., Ltd.
- In 1998, DuPont Pioneer established a corn biotech research center near Tieling City, Liaoning province.
- In 1997, DuPont Pioneer established a representative office in Beijing.
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