Shin-Etsu Chemical announced plans to invest $3.4 billion in the U.S. to increase production of PVC raw materials and build 2 new plants in Louisiana. The investment will be carried out through its U.S. subsidiary Shintech.
Shin-Etsu Chemical announced that it will invest $3.4 billion (approximately ¥530 billion) in the U.S. to increase production of raw materials for polyvinyl chloride resin. The investment is intended to strengthen its global supply network, with the specific use of funds identified as increasing PVC raw material production.
The investment will be carried out through the company’s U.S. subsidiary Shintech, which will build 2 new plants in Louisiana. The article does not specify the start of operations or the production capacity of each plant.
The announcement has been reported as part of a large-scale investment aimed at expanding raw material supply capacity in the U.S. market. The plant construction cited as an example can be understood as an effort to strengthen the production network by region.