Japanese largest chemical producer invests in VN
VGP - Shin-Etsu Chemical Co., Ltd, Japan’s largest chemical producer has announced that it will set up two companies to manufacture silicone-based materials for high-brightness LED packaging and refine rare earths in Việt Nam.
The ¥2-billion production base is expected to be put into operation in February 2013 to churn out 1,000 tons of products a year.
Meanwhile, Shin-Etsu Electronics Materials Vietnam Co., Ltd. specializing in manufacturing silicone-based materials for high-brightness LED packaging will be built on 50,000m2 at Thăng Long 2 Industrial Park in the northern province of Hưng Yên.
Construction of the plant is scheduled to be completed in March 2013 at a total cost of ¥3 billion.
Japan’s largest chemical producer hoped to take advantage of the demand in Việt Nam and its neighboring countries for future economic growth./.
By Kim Anh