Industry News

Transilwrap acquires Dow Chemical’s global specialty films business

United States: Dow Chemical Corporation, a US based chemicals manufacturer, has announced that it would sell its specialty films business to Transilwrap Company, Inc., a specialty film manufacturer, converter and distributor for a disclosed amount. The contract would also include selling the company’s production facilities located in Hebron, Ohio and Drusenheim. The company is indulged in the manufacturing of polypropylene, polystyrene and polyethylene based films which finds application in medical and packaging areas. They are used in the manufacture of window envelope films, beverage closer liners, labels and protective fabrics. In March 2015, the company had also acquired a Santa Rosa based printable plastic film maker Clear Focus Imaging.

TechSci Research depicts that this acquisition would further strengthen Transilwrap position in the specialty films business in the industry as the Dow’s specialty films business is well recognized for its technical expertise and brands globally.   

According to TechSci Research report, “Saudi Arabia Window Films Market Forecast and Opportunities, 2020”, the window films market in Saudi Arabia is estimated to cross US$ 84 million in 2015. Growth in the market is anticipated on account of increasing privacy concerns, rising purchasing power and growing automotive sales in the country. Moreover, Saudi Arabian government is planning to pass an act that would allow the country’s women to drive in the coming years.  

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