To Build A New Plant For Silicone Products In Zhejiang Province, China

Shin-Etsu Chemical

15/05/2024 06:07

May 15 (Reuters) - Shin-Etsu Chemical Co Ltd  4063.T :
    * TO BUILD A NEW PLANT FOR SILICONE PRODUCTS IN ZHEJIANG
PROVINCE,
CHINA
    * SHIN-ETSU CHEMICAL - TOTAL INVESTMENT FOR NEW ZHEJIANG
PLANT IS
EXPECTED TO REACH ABOUT 2.1 BLNYEN, INCLUDING LAND COST
    * SHIN-ETSU CHEMICAL - NEW ZHEJIANG PLANT WILL PRODUCE
FUNCTIONAL
SILICONE EMULSIONS, OTHER SILICONE PRODUCTS, SCHEDULED FOR
COMPLETION IN FEB 2026
    * SHIN-ETSU CHEMICAL - DEMAND FOR SILICONES IN CHINA IS
CURRENTLY
IN ADJUSTMENT PHASE BUT IS EXPECTED TO GROW FURTHER IN MEDIUM TO
LONG TERM

Source text: https://www.shinetsu.co.jp/en/news/news-release/shin-etsu-chemical-to-build-a-new-plant-for-silicone-products-in-zhejiang-province-china/
Further company coverage:  4063.T 

 (Reporting by Kantaro Komiya)
 ((Kantaro.Komiya@thomsonreuters.com;))