--Japan's Shin-Etsu Chemical plans to invest $3.4 billion to increase U.S. production of raw materials for polyvinyl chloride resin used in residential plumbing and other applications, Japanese business daily Nikkei reported late Wednesday, without citing sources.
--Facilities are scheduled to be completed by the end of 2030, the Nikkei report said.
Full story: https://asia.nikkei.com/business/materials/japan-s-shin-etsu-to-invest-3.4bn-in-us-for-pvc-materials-production
Shin-Etsu Chemical Co Ltd is a Japan-based company mainly engaged in the chemical business. The Company operates through four business segments. The Life Environment Materials segment is engaged in the provision of polyvinyl chloride resin, caustic soda, methanol, chloromethane, and poval. The Electronic Materials segment is engaged in the provision of semiconductor silicon, rare earth magnets (for electronics industry and general use), semiconductor encapsulants, packaging materials for light-emitting diodes (LEDs), photoresists, mask blanks, and synthetic quartz products. The Performance Materials segment is engaged in the provision of silicones, cellulose derivatives, metallic silicon, synthetic sex pheromones, polyvinyl chloride-vinyl acetate copolymer resins, liquid fluoroelastomers, and pellicles. The Processing, Trading, and Technical Services segment is engaged in provision of resin processing products, technology and plant exports, product imports and exports, and engineering.
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