Borealis announces that it has signed an agreement to acquire a controlling stake in south korean compounder DYM Ssolution Co. Ltd. The agreement and transaction are subject to all required regulatory approvals.
Based in cheonan south korea, DYM Ssolution Co. Ltd was founded in 1992 and is a provider of compound solutions for the global wire and cable industry. It specialises in semi-conductive, halogen-free flame retardant (hffr), rubber and silane cured compounds.
With this investment, borealis seeks to extend the global wire & cable asset footprint it has together with 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.