Shin-Etsu Chemical Co., Ltd. (4063.JP) rose 4.9% for the day, rumored to expand PVC raw material production capacity in the United States
Shin-Etsu Chemical Industry (4063.JP) today (5th) closed at 6,226 yen, up 4.92% for the day. The company is reported to invest approximately 530 billion yen in the United States to expand PVC raw material production capacity, planning to build new ethylene and VCM plants. After completion, ethylene capacity is expected to increase to 2.3 times the original, and VCM capacity will be enhanced by 17%. The company is optimistic about the demand for PVC driven by data centers, and mid-term capacity expansion is expected to promote business growth
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