Dow (NYSE:DOW) and Johnson Matthey (LSE: JMAT) are pleased with the successful conclusion of the arbitration case with Luxi Chemical Group Co., Ltd. (“Luxi”) based in Shandong Province, P.R. China.
In 2017, an arbitration panel of the Stockholm Chamber of Commerce held that Luxi used protected information from Dow and Johnson Matthey in the design, construction, and operation of its butanol and 2-ethylhexanol plants.
In 2021, the Liaocheng Court recognized the arbitral award of approximately $116 million USD following a report to a higher court.
This ruling demonstrates fair enforcement of intellectual property and trade secret rights of foreign companies, which is critical to protect the legitimate operations and economic resiliency interests of domestic manufacturers in China, the U.S. and around the globe.
Dow and Johnson Matthey are fully committed to defending their intellectual property rights and supporting the interests of LP OxoSM process licensees. The companies, and their predecessors, have continuously improved the LP OxoSM Technology and offered it to the oxo alcohols industry for the past 50 years. To date, the suite of LP OxoSM Technology has been licensed into a significant number of projects across 15 countries, representing a majority of the world's licensed oxo alcohols capacity. Process licensees are provided performance warranties along with design and technical support at every step to ensure success.
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