General Electric&Shin-Etsu Chemical:The largest silicones manufacturing plant in Asia

General Electric, together with Shin-Etsu Chemical of Japan, a major Japanese silicone producer, held a groundbreaking ceremony for their Thailand silicones manufacturing plant.

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.

600450 General Electric&Shin-Etsu Chemical:The largest silicones manufacturing plant in Asia glassonweb.com
Date: 5 November 2001
Source: Newstream

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