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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, July 18, 2019

Tire Industry Association appoints David Zielasko as vice president of marketing and communications - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

Continental begins construction of motorcycle tire factory in Thailand - click to expand

Maxxis to open distribution facility near Indianapolis, Indiana - click to expand

Lubrizol Corporation announces acquisition of Bavaria Medizin Technologie GmbH - click to expand

Wednesday, July 17, 2019

Wacker to showcase novel silicone laminate with electroactive properties at K2019 - click to expand

German RepRap launches 3D printing platform that can print liquid silicone rubber - click to expand

NBR latex market size is forecast to exceed $2.4 billion by 2025 - click to expand

Career fair to be held during the Rubber Division's International Elastomer Conference - click to expand

Rep International names Jim Wirtz president - click to expand

Goodyear to invest $180 million in North Carolina tire plant - click to expand

Tuesday, July 16, 2019

Goodyear declares quarterly dividend - click to expand

The International Rubber Study Group (IRSG) announces a call for rubber-related economic research papers - click to expand

Hillenbrand to acquire Milacron in cash-and-stock trade valued at $2 billion - click to expand

Toyo Tire to increase capacity at U.S. tire production facility in Bartow County, Georgia - click to expand

Global green tire market forecast with a 20.63 percent CAGR through 2023 - click to expand

Nitrile butadiene rubber production in North America anticipated to reach 50,000 tons in 2023 - click to expand

Monday, July 15, 2019

Wacker sets benchmarks in multimaterial printing and precision with ACEO technology - click to expand

GRI hires senior industry executive as head of global sales - click to expand

Tokai Carbon CB to increase prices in North America - click to expand

Bridgestone to launch new Blizzak studless winter tire - click to expand

Goodyear sends silica science package to the International Space Station - click to expand

Friday, July 12, 2019

Nokian Tyres produces first test tire at its factory in Dayton, TN - click to expand

Global silicone solutions for leather and textiles market to expand to $760 million by 2025 - click to expand

ZC Rubber America hires Chan Phothisane as OTR national sales director - click to expand

Arlanxeo announces strategic collaboration with Dhahran Techno Valley - click to expand

Book of the Day - Rubber Extrusion Technology Short Course Notes - click to expand

Thursday, July 11, 2019

R.E. Carroll Inc. launches brand promise to the rubber industry - click to expand

HAGL Agrico set to sell rubber firm to Thadi - click to expand

Global aircraft pressure-sensitive tape market forecast at $354 million by 2024 - click to expand

Vystar contracts rubber expert Ranjit Matthan for deproteinized dry rubber and latex research and development - click to expand

Ashland amends agreement with Ineos for its composites business and butanediol facility in Marl, Germany - click to expand

Market Reports

Global farm tire market size is expected to reach $7.01 billion by 2025 - click to expand

Global silicone gel industry forecast at $2 billion by 2025 - click to expand

Asian and Pacific nitrile butadiene rubber market forecast at 820 thousand tons By 2023 - click to expand

Global liquid silicone rubber market is forecast to reach $3.83 Billion by 2026 - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

NBR Latex Market size is forecast to exceed $2.4 billion by 2025 - click to expand

Global green tire market forecast with a 20.63% CAGR through 2023 - click to expand

Nitrile Butadiene Rubber production in North America anticipated to teach 50 thousand tons in 2023 - click to expand

Global silicone solutions for leather & textiles market to expand to $760 million by 2025 - click to expand

Global isoprene market is expected to reach $3.97 billion by 2025 - click to expand

Global aircraft pressure-sensitive tape market forecast at $354 million by 2024 - click to expand

Shape memory polymer market forecast with at a CAGR of more than 25% through 2025. - click to expand

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