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Shin-Etsu plans $23 million expansion of its Akron, OH, silicone facility

1/11/2019 - Akron, OH - Shin-Etsu Chemical Co. Ltd. is one of the largest chemical companies in Japan, and is in its 64th year of manufacturing silicone products worldwide, producing over 5,000 different silicone products. As part of its continuously progressive expansion effort over the past four years, which represents $577 million in global investment, approximately $21.3 million in facility and production investments are being dedicated to expanding its Akron, OH, plant to 44,000 sq. ft. for its U.S. subsidiary, Shin-Etsu Silicones of America, Inc. (SESA), which is aimed for completion in the middle of 2019. SESA, which is engaged in the manufacture and sale of highly functional silicones in the U.S., produces various silicone products that possess diversified forms and applications, such as high consistency silicone rubber, liquid silicone rubber for adhesives and sealing materials, silicones for cosmetics, and heat-dissipating silicones for applications in automobiles and electronics parts. This new investment is for the purpose of expanding its production capacity for these silicone products, and additionally to set up a new production facility for its silicone emulsions. In addition, SESA established a 14,000 sq. ft., state-of-the-art technical center facility in the state of New Jersey in 2015 to expand its capabilities for research and development and technical services for customers in various industries. The expansion also included absorbing SESA’s Cosmetic Application Laboratory (CAL) to provide the distinct advantage of sharing comprehensive research and development capabilities and resources under one roof. Over the past four years, Shin-Etsu Chemical has been carrying out the global expansion of its silicone business by setting up production bases in Asia, the United States and Europe. The objective of the new facility investments in their silicone business in these key markets is to strengthen and expand its silicones facilities at each stage, from research and development and trial production to mass production, as it seeks to steadily capture the globally expanding demand for highly functional silicone products. Notable expansion markets include Thailand, where Shin-Etsu expanded he production capacity of its existing silicones plant and obtained new adjacent industrial land adjoining its existing Thai silicone facilities. In Gunma Prefecture, Japan, Shin-Etsu Chemical’s complex is its largest production base in Japan, and has invested approximately $106.6 million in expansion at those facilities. in order to carry out such silicone projects that are used in fields where demand growth is expected, such as automotive, cosmetics, chemicals and healthcare. An additional $44.4 million was invested for the construction of a new research building adjoining its existing Silicone-Electronics Materials Research Center, which began its operations in the spring of 2016. Including the new SESA Akron plant investment for expanding production capacity in the U.S., the total investment amount Shin-Etsu has made in its silicones business over just the past four years now comes to $577 million. With its research, production and sales capabilities coming together as one, Shin-Etsu Chemical has been accomplishing a great deal of fruitful results in Japan, and will go ahead with employing the same approach globally. The new expansion project in the U.S. is part of this plan, and by making the maximum use of Shin-Etsu's strengths in technology that have been nurtured over a long period of years in the field of silicon chemistry, and the development of high-value-added products, Shin-Etsu will continue to strive to steadily capture the robustly growing demand for silicones in the U.S. According to SESA President Kazuhiro Kitani, “SESA is determined to grow our specialty silicones businesses, and we are committed to expanding our local production capacity to improve our service levels and responsiveness to changing industry requirements.”

Thursday, January 17, 2019

Rogers Corporation introduces FDA compliant UHMW-PE films for specialty hoses - click to expand

Ohio Rubber Group holds winter technical meeting January 29 - click to expand

Global industrial rubber market forecast to reach $167 billion by 2026 - click to expand

Rubber Division, ACS, requests nominations for the 2020 Science & Technology Awards - click to expand

Global synthetic rubber market forecast with a CAGR of 5.5 percent through 2025 - click to expand

Wednesday, January 16, 2019

Retread tires market to grow at a CAGR of 4.6 percent through 2028 - click to expand

Preferred Compounding acquires Valley Rubber Mixing and Glo-Mold - click to expand

Freudenberg BlueSeal helps trucks and SUVs - click to expand

Goodyear declares quarterly dividend of 16 cents per share - click to expand

RISE project shows the profitability of extracting oil from tires - click to expand

Tuesday, January 15, 2019

Europe and CIS tire market forecast at $51 billion by 2023 - click to expand

Indonesia is ready to coordinate with Thailand and Malaysia to address declining rubber prices - click to expand

Anne Forristall Luke elected vice chair of the National Association of Manufacturers (NAM) Council of Manufacturing Associations (CMA) board of directors - click to expand

Falken Tire's ZIEX ZE001 A/S selected as factory standard tire for Subaru's Crosstrek hybrid - click to expand

Global rubber glove market forecast to reach $7.3 billion by 2023 - click to expand

Monday, January 14, 2019

Goodyear to present at Deutsche Bank Auto Industry Conference - click to expand

Global injection molding machine market size forecast at $22.45 billion by 2025 - click to expand

Cooper Tire to present at Deutsche Bank 2019 Global Auto Industry Conference - click to expand

Zeon establishes Czech subsidiary to sell raw materials for auto parts - click to expand

China to establish a rubber based free trade zone in Sri Lanka - click to expand

Friday, January 11, 2019

Shin-Etsu plans $23 million expansion of its Akron, OH, silicone facility - click to expand

Goodyear to webcast its presentation at the 2019 Wolfe Research Global Auto Industry Conference - click to expand

Abstracts solicited for 2019 International Elastomer Conference - click to expand

Book of the Day - Resistance and Stability of Polymers - click to expand

ARPM creates digital training modules for rubber manufacturers - click to expand

Thursday, January 10, 2019

Rex Gauge introduces the DD-5 digital durometer - click to expand

Falken Tires selected as original equipment supplier for the 2019 Jeep Wrangler Rubicon - click to expand

TA Instruments introduces high sensitivity pressure cell for the ARES-G2 rheometer - click to expand

Silicone film market forecast to reach $1 billion by 2023 - click to expand

Market Reports

Agricultural and food grade rubber conveyor belt market to grow at a CAGR of 4.9% through 2028 - click to expand

Global silica for S-SBR market forecast with a CAGR of 7.2% through 2028 - click to expand

Silicone to lead the wearable materials market forecast at $2.9 billion by 2023 - click to expand

Global industrial rubber market forecast to reach $167 billion by 2026 - click to expand

Global synthetic rubber market forecast with a CAGR of 5.5% through 2025 - click to expand

Aircraft elastomers market to grow at CAGR Of 5.1% through 2023 - click to expand

Retread tires market to grow at a CAGR of 4.6% through 2028 - click to expand

Europe & CIS tire market is forecast at $51 billion by 2023 - click to expand

Global rubber glove market forecast to reach $7.3 billion by 2023 - click to expand

Global injection molding machine market size forecast at $22.45 billion by 2025 - click to expand

Silicone film market forecast to reach $1 billion by 2023 - click to expand

Global water-based adhesive market forecast to reach $21.3 billion by 2024 - click to expand

Global market for liquid silicone rubber forecast at $7.9 billion by 2026 - click to expand

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