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Shin-Etsu Chemical will spend close to $700 million to raise output of silicone fluids, resins, and rubber at three plants in Japan. The firm says the expansion complements a $1 billion project it started in 2018 that increased capacity to make silicone monomers by 50%. Shin-Etsu says the new investment will also help it further novel technologies such as molded silicone rubbers that don’t require a cure step and silicones for microLED display products.
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