The plant, with a planned investment of approximately $250 million, will be the largest silicones manufacturing plant in Asia. The facility will be located in Map Ta Phut, near Bangkok.
On 7 February of this year, GE, together with Shin-Etsu Chemical, signed definitive agreements to establish a jointly-owned facility in Thailand to manufacture silane-monomers and siloxanes, the essential materials used in the production of silicone products. The plant is expected to become operational in 2003. The joint-venture company, Asia Silicones Monomer Ltd., is owned 50% by a GE-Toshiba business partnership and 50% by Shin-Etsu Chemical of Japan. The project is supported by the Thailand Board of Investment.