WILTON, Conn. (Mar. 16) — GE Toshiba Silicones, a joint venture of GE´s Advanced Materials business and Toshiba, has signed an agreement for the establishment of a new silicones manufacturing facility in the Nantong, Jiangsu province in China.
With a total investment of $78 million by the two parent companies, the new facility is scheduled for completion at the end of 2007 and will be the largest GE Toshiba Silicones factory in China. The plant will enable GE Toshiba Silicones to supply advanced silicone technologies to China via a shortened supply chain.
The new GE Toshiba Silicones plant will sit in the Yangtze River Delta, taking advantage of the location as a distribution center to help ramp up the development of the silicones industry in China, where world-class silicones technologies and products are in high demand.
The investment will not only enhance the role of the Chinese silicones industry as a driving force for regional economic development, but also will meet the demand for silicones products from other parts of the Asia Pacific region, GE Toshiba Silicones said.