Shin-Etsu Chemical to Build a New Plant for Silicone Products in Zhejiang Province, China
May 15 2024 - 1:00AM
Business Wire
Shin-Etsu Chemical Co., Ltd. (TOKYO: 4063) (Head Office: Tokyo;
President: Yasuhiko Saitoh; hereinafter, “Shin-Etsu Chemical”) has
decided to establish a new company, Shin-Etsu Silicone (Pinghu)
Co., Ltd., in Zhejiang Province, China, and construct a new
silicone products plant to expand its silicone business.
Shin-Etsu Chemical established Zhejiang Shin-Etsu High-Tech
Chemical Co., Ltd. (hereinafter, “Zhejiang Shin-Etsu”) in Zhejiang
Province, China, in 2002 to meet the demand for silicone products
in China. The company began the production of silicone products in
2003 and has maintained a steady supply in response to meet
customer and market demands.
At the same time, Zhejiang Shin-Etsu has long been considering
(1) increasing production capacity, (2) expanding its product
line-up, and (3) updating the plant building and facilities in
anticipation of ever-expanding demand in China. As a result,
Zhejiang Shin-Etsu has decided to acquire a site in Zhejiang
Province and construct a new plant. The production functions that
the current plant in Zhejiang Shin-Etsu has fulfilled will also be
transferred to the new plant.
The new plant will be built in the Dushan Port Economic
Development Zone in Pinghu City, Zhejiang Province, which is about
85 km from Shanghai. The site has an area of 40,000 m2 (including
20,000 m2 of land planned for future expansion), which is twice the
area of the current plant. In addition to existing general-purpose
silicone emulsion products, the new plant will produce functional
silicone emulsions, environmentally friendly silicone products, and
other high-functional products, and is scheduled for completion in
February 2026. The total investment is expected to reach
approximately 2.1 billion yen, including the cost of the land for
the project.
Demand for silicones in China is currently in an adjustment
phase but is expected to grow further in the medium to long term.
Shin-Etsu Chemical is committed to meeting the diverse demands of
the Chinese market by developing and supplying high-value-added
silicone products based on its accumulated technological
capabilities and know-how. Through a stable supply of products and
advanced production technologies, Shin-Etsu Chemical contributes to
the realization of a sustainable society.
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version on businesswire.com: https://www.businesswire.com/news/home/20240514713787/en/
For inquiries about this matter, please contact:
Shin-Etsu Chemical Co., Ltd. Public Relations Dept. Tetsuya
Koishikawa Tel: 03-6812-2340, or from outside Japan: 81-3-6812-2340
Fax: 03-6812-2341, or from outside Japan: 81-3-6812-2341 E-mail:
sec-pr@shinetsu.jp www.shinetsu.co.jp