[0] Groundbreaking for Largest Silicones Manufacturing Plant in Asia.Business Editors BANGKOK, Thailand--(BUSINESS WIRE)--Oct. 30, 2001 General Electric-- GE and Shin-Etsu Joint Venture 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 $250 million, will be the largest silicones manufacturing plant in Asia. The facility will be located in Map Ta Phut Phut (fŭt), in the Bible, son of Ham and eponym of an African people. It may also be a region, possibly Punt or Libya, and is perhaps the same as Pul (2.) It also appears as Put. , near Bangkok. On 7 February of this year, GE, together with Shin-Etsu Chemical, signed definitive agreements to establish a jointly-owned facility in Thailand to manufacture silane-monomers and siloxanes, the essential materials used in the production of silicone products. The plant is expected to become operational in 2003. The joint-venture company, Asia Silicones Monomer monomer (mŏn`əmər): see polymer. monomer Molecule of any of a class of mostly organic compounds that can react with other molecules of the same or other compounds to form very large molecules (polymers). Ltd., is owned 50% by a GE-Toshiba business partnership and 50% by Shin-Etsu Chemical of Japan. The project is supported by the Thailand Board of Investment Thailand Board of Investment (BOI) is an agency of the to promote investment in that country. It provides investment information and services for investors, as well as many incentives. . GE is a diversified services, technology and manufacturing company with a commitment to achieving customer success and worldwide leadership in each of its businesses. GE Silicones, a US$ 1.4 billion operating division of GE Specialty Materials, is a global manufacturer of silicone products and is headquartered in Waterford, NY, USA. It has 3,300 employees and manufactures over 4,000 products for most major applications, including consumer retail, building and construction, health care, electrical/electronics, automotive, aviation, cosmetics, specialty coatings, appliance and textiles. Its Asia Pacific operations are headquartered in Tokyo and currently operate in 13 Asian countries with over 800 employees through GE Toshiba Silicones, a joint venture with Toshiba Corporation (company) Toshiba Corporation - A Japanese technology manufacturer with 364 subsidiaries worldwide. Toshiba makes and sells electronics for home, office, industry and health care including information and communication systems, electronic components, heavy electrical apparatus, . Shin-Etsu Chemical Co., Ltd., is a global corporation headquartered in Japan. Its worldwide revenues exceed US$ 6.4 billion, with more than 50% from overseas operations. Shin-Etsu Chemical Co., Ltd. is a major supplier in, among others, the PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. , semiconductor silicon, synthetic quartz, silicones, rare earth magnet, and "photoresist A film used in photolithography that temporarily holds the pattern of a circuit path or microscopic element of a chip. When exposed to light, it hardens and is resistant to the acid bath that washes away the unexposed areas. Not to be confused with photoresistor. " businesses. In particular, Shin-Etsu is the worldwide leader in its PVC business, with major operations in Japan, USA, and Holland, as well as in its semiconductor silicon business, with major operations in Japan, USA, Scotland and Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. . Shin-Etsu Chemical Co., Ltd. has a total of 116 group companies with more than 18,000 employees around the world. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.103001/bb9 --30--kam/ny* rg
CONTACT: GE Silicones
Milissa Rocker, 518/233 3893
Milissa.Rocker@gepex.ge.com
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion