TOKYO (Jan. 25)—GE Toshiba Silicones Co. Ltd. is investing $25 million to establish a silicone resin manufacturing venture in Shanghai, China. The plant, to be built at a 591,900-sq.-ft. site in the Waigaoqiao Free Trade Zone in Shanghai, should be operational in April 2001, the company said. The Shanghai unit will manufacture a range of silicone materials for applications including construction, personal care and electronic uses, GE Toshiba Silicones said. GE Toshiba Silicones Shanghai Co. Ltd., a newly formed venture owned 51 percent by General Electric Co. and 49 percent by Toshiba Corp., will oversee the project.
GE, Toshiba establish silicone resin JV
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