KOREA (SOUTH): Borealis successfully completes acquisition of a controlling stake in South Korean compounder DYM Solution Co. Ltd.
Borealis announced that it has successfully acquired a controlling stake in South Korean compounder DYM Solution Co. Ltd. The acquisition solidifies Borealis’ position as a partner of choice for global wire and cable customers, helping to meet the growing needs and requirements of the wire and cable industry today and in the future.
Based in Cheonan South Korea, DYM Solution Co. Ltd. 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 extends its global wire & cable asset footprint, hereby embodying its mission of Bringing Energy All Around. Borealis will broaden its extensive and sophisticated portfolio, with complementary products and technologies for semi-conductive, flame retardant, rubber and silane cross-linkable compounds.
Source: Borealis AG website, Vienna; 31 Aug 2020
(Syed Rashid Ali, Karachi, Pakistan)