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Shin-Etsu Chemical Plans to Build Plant for Silicone Products in China

Shin-Etsu Chemical Co. Ltd., headquartered in Tokyo, Japan, has decided to establish a new company, Shin-Etsu Silicone (Pinghu) Co. Ltd., in Zhejiang Province, China, and construct a new silicone products plant to expand its silicone business. In 2002, Shin-Etsu Chemical established Zhejiang Shin-Etsu High-Tech Chemical Co. Ltd. (Zhejiang Shin-Etsu) in Zhejiang Province, China. Zhejiang Shin-Etsu […]

DuPont Plans to Separate into Three Independent Companies

DuPont recently announced a plan to separate into three distinct, publicly traded companies. Under the plan, DuPont would execute the proposed separations of its Electronics and Water businesses in a tax-free manner to its shareholders with New DuPont continuing as a premier diversified industrial company following completion of the separations. DuPont reports that as independent […]

WACKER Plans New Production Site in the Czech Republic

Wacker Chemie AG plans to further expand its silicone specialties business and is reorganizing its production operations in Europe. A new production site for silicones is planned to be constructed in Karlovy Vary, Czech Republic. The main drivers of this expansion are megatrends such as electromobility and renewable energies which require silicones from WACKER. Production […]

3M Announces it will Freeze US Pension Plans

3M announced that it will freeze its U.S. pension plans for non-union U.S. employees, effective December 31, 2028. Pension-eligible employees will continue to accrue benefits under the pension plans until the freeze date. This decision applies to both 3M and its new healthcare spinoff, Solventum. Former employees with vested pension benefits, 3M or 3M Health […]

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