Struktol - A World of Capabilities

News and week in review

Scroll down for more news

Click here to subscribe to the daily news

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.”

Tuesday, March 26, 2019

Satisfaction with original equipment tires helps automakers keep owners loyal, J.D. Power finds - click to expand

Global automotive tire market forecast to grow with a CAGR of 6.3 percent through 2027 - click to expand

Synthetic latex polymers market projected to grow at a CAGR of 5.41 percent through 2024 - click to expand

Lubrizol adds capacity to its TPU manufacturing line in Shanghai - click to expand

Birla Carbon completes 25 years of operation in Hungary - click to expand

Monday, March 25, 2019

Birla Carbon to increase base prices for all carbon black markets in North America - click to expand

GM to invest $300 million, add 400 jobs at Michigan plant for new Chevrolet electric vehicle - click to expand

Rubber Division, ACS now offering all training courses remotely - click to expand

Global market for stabilizers forecast to reach $5.5 billion by 2025 - click to expand

Davis-Standard¹s global converting platform featured at ICE USA - click to expand

Friday, March 22, 2019

Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman - click to expand

ARPM announces Innovation Symposium on April 18 - click to expand

YourMechanic adds Goodyear.com for tire sales and installation services - click to expand

TA Instruments introduces new Rheo-Raman accessory for the Discovery hybrid rheometer - click to expand

Adhesive tapes market projected to reach $69 billion by 2022 - click to expand

Thursday, March 21, 2019

TA Instruments analyzer tests for mechanical behavior of materials - click to expand

Global thermoplastic elastomers market size is forecast at $27.8 billion by 2026 - click to expand

Ace Products & Consulting hires business manager - click to expand

Yokohama Tire's mobile tire specs app for dealers wins iF Design award - click to expand

Plastics & Rubber Technology Conference calls for abstracts - click to expand

Wednesday, March 20, 2019

Safic-Alcan acquires Langley-Smith & Company - click to expand

Firestone Liberia to shed 800 jobs by April 2019 - click to expand

Michelin launches Agilis CrossClimate tire for small business owners and commercial fleets - click to expand

U.S. market for low rolling resistance tires forecast with a CAGR of 10.8 percent through 2028 - click to expand

Southeast Asia tire market projected to grow at a CAGR of over 7.5 percent through 2024 - click to expand

Tuesday, March 19, 2019

Hankook Tire adds Nissan Altima to growing original equipment portfolio - click to expand

Cooper launches new long haul steer tire as part of its PRO Series commercial line - click to expand

Kraton to build Cariflex semi works latex unit in Brazil - click to expand

Mitsui Chemicals pursues applications for temperature-sensitive elastomer - click to expand

Nitrile butadiene rubber latex market forecast at $2.4 billion by 2025 - click to expand

Market Reports

Global automotive tire market forecast to grow with a CAGR of 6.3% through 2027 - click to expand

Global nitrile gloves market is expected to reach $3.30 billion by 2026 - click to expand

The synthetic latex polymers market is projected to grow at a CAGR of 5.41% through 2024 - click to expand

Global market for stabilizers forecast to reach $5.5 billion by 2025 - click to expand

Adhesive tapes market projected to reach $69 Billion by 2022 - click to expand

Global thermoplastic elastomers market size is forecast at $27.8 billion by 2026 - click to expand

The U.S. market for low rolling resistance tires forecast with a CAGR of 10.8% through 2028 - click to expand

South East Asia tire market is projected to grow at a CAGR of over 7.5% through 2024 - click to expand

Global silane and silicone market was estimated at $14.4 billion in 2017 and is expected to hit $22.03 billion in 2025 - click to expand

Nitrile butadiene rubber latex market forecast at $2.4 billion by 2025 - click to expand

Global mold release market forecast with a CAGR of 5.7% through 2023 - click to expand

Subscribe to daily news

Sign up for Daily News Email Update

RubberWorld will now notify you with an email when we update our daily news. Simply enter you email address in the boxes below and click the send button*, and you'll know the news as soon as we do!

email

email (confirm)

Type RUBBER in this field (prove you're human) in CAPS


* be sure to click the send button

By submitting your email address to RubberWorld you agree to allow Rubber World to send you daily email notifications relating to news in the rubber industry. See our privacy terms for more details