Japanese chemical company Shin-Etsu Chemical is embarking on a bold new investment plan worth ¥100 billion to bolster its silicones portfolio, a pivotal component of its Functional Materials business segment. This significant move comes as the demand for advanced functional…
Tag: silicones
Elkem to optimise silicones capacity amidst slower growth
Norwegian silicones producer Elkem’s second quarter 2023 results for its silicones division were weak, impacted by challenging market conditions, maintenance stop, and inventory write down, it adds. However, it did have good results, with continued strong performance in the Silicon…
Medical technology market shapes up with silicones
Global and Asian markets for silicones in the healthcare and medical industries have grown in tandem with the advancement of devices and equipment in these fields, according to Angelica Buan in this report. Silicones dominate the medical devices space Silicone…
Wacker sales high; to invest in US/India plants
German silicones maker Wacker Chemie says it ended 2022 with new all-time highs for sales and earnings. Presenting its annual report recently, the Munich-based chemical company confirmed group sales of EUR8.21 billion in 2022, up 32% year over year. Substantially…
Momentive expands in Thailand with new facility
Silicones supplier Momentive Performance Materials has announced its latest growth investment – a new manufacturing facility in Rayong, Thailand. Breaking ground on what will be home to the facility, this new site will expand Momentive’s manufacturing capacity to serve the…
Elkem opens new medical silicones facility in US
Norwegian materials supplier Elkem Silicones recently opened its new specialised facility for producing high purity medical silicones in South Carolina. Located on Timberland Court, this new facility is Elkem’s second operational facility in York, US. In 2012, the company opened…
Silicones: Keeping a good grip on innovation
Silicone elastomers are enabling innovation, and their application promotes the growth of the automotive and healthcare markets. Burgeoning market, greater use in the automotive and medical industries Silicone elastomers are high-performance, heatstables material used in a wide range of everyday…
Wacker to invest US$200 mn in US expansion/silicone facility
German chemical firm Wacker Chemie AG is preparing to build a new silicone production complex at its Charleston site in the US state of Tennessee. The Munich-based chemical group has already started a feasibility study. In a first step, it…
Momentive to relocate hq; to build R&D centre
Silicones maker Momentive Performance Materials group (Momentive) says it will relocate its global Corporate Headquarters from Waterford, New York, US, to the former SI Group location on Balltown Road in Niskayuna. This is the first step in a plan to…
Wacker’s new production site for silicones in India for auto, medical sectors
Munich-based chemical group Wacker has opened a new production site for silicones in Panagarh, India. The plant, which is situated 160 km northwest of Kolkata, will manufacture silicone rubber and ready-to-use silicone compounds for electromobility, medical technology and electrical transmission…