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January 31, 2018 01:00 AM

Shin-Etsu sees double-digit growth in silicones business

European Rubber Journal
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    TOKYO—Japanese materials supplier Shin-Etsu saw double-digit increases in sales and operating income at its silicones business.

    In the nine-month report covering April-December 2017, the Japanese company reported a 14.7 percent rise in sales to $1.4 billion, compared to the same period last year.

    Operating income performed more strongly with a 21.7 percent year-on-year increase to $351.8 million.

    The company attributed the growth to firm sales for cosmetic, automotive and electronics products in Japan.

    Globally, shipments of both general-purpose products and functional products for the U.S., Europe and Asia "did well," according to Shin-Etsu.

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