TOKYO—Shin-Etsu Chemical Co. will invest about $977 million in facility investments for its silicone business, expanding its production capacity of silicone monomer globally.
The investment, which will help the company keep up with customer demand for silicone products, will come in three stages over two and a half years, according to a Shin-Etsu news release.
The production capacity of both silicone monomer and silicone end products will be expanded through the same timeline. About $444 million will be invested to expand the production capacity of intermediate products such as monomers and another $444 million for the expansion of production capacity of end products. About $89 million will be invested for the expansion of secondary facilities such as infrastructure and shipping, Shin-Etsu said.
Capacity expansions for silicone monomer will be done at existing facilities in Japan and Thailand. For end products, the capacity expansions will be done at six overseas countries, Shin-Etsu said.