Borealis has signed an agreement to acquire a controlling stake in South Korean compounder DYM Solution Co. Ltd. The agreement and transaction are subject to all required regulatory approvals.
|DYM Solution’s headquarters and smart factory in Cheonan, South Korea.|
Based in Cheonan, South Korea, DYM Solution was founded in 1992 and is a provider of compound solutions for the global wire and cable industry. It specializes in semi-conductive, halogen-free flame retardant (HFFR), rubber and silane cured compounds.
With this investment, Borealis seeks to extend its global wire & cable asset footprint it has together with Abu Dhabi-based affiliate Borouge, thereby embodying the mission of Bringing Energy All Around. Borealis will be able to build upon its extensive and sophisticated portfolio, with complementary products and technologies for semi-conductive, flame retardant, rubber and silane cured compounds.
“Having access to an Asian manufacturing base would significantly expand our ability to foster continuing organic growth for Borealis and Borouge and enable us to meet the requirements of our wire and cable customers even better,” says Borealis Chief Executive Alfred Stern.