S Korea's SK Innovation buys Dow Chem unit for $370m

S Korea's SK Innovation buys Dow Chem unit for $370m

The Dow logo is seen on a building in downtown Midland, Michigan, in this May 14, 2015 file photograph. REUTERS/Rebecca Cook

South Korea’s SK Innovation said on Thursday it will acquire Dow Chemical Co’s ethylene acrylic acid (EAA) business for $370 million, a move that will expand its range of high value-added chemical products.

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