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Shin-Etsu Chemical

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Shin-Etsu Chemical Co., Ltd.
Native name
信越化学工業株式会社
Shin'etsu Kagaku Kōgyō kabushiki kaisha
Company typePublic KK
IndustryChemicals
Founded(September 16, 1926; 98 years ago (1926-09-16))
(as Shin-Etsu Nitrogen Fertilizer)
Headquarters4-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan
Key people
Chihiro Kanagawa
(Chairman)
Yasuhiko Saito
(President)
Products
RevenueIncrease $ 13 billion (FY 2017) (JPY 1,441.4 billion) (FY 2017)
Increase $ 2.4 billion (FY 2017) (JPY 266.2 billion) (FY 2017)
Number of employees
17,892 (as of April 28, 2014)
WebsiteOfficial website
Footnotes / references
[1][2][3]
Rotterdam-Botlek, Shin Etsu (vinyl chloride monomer production plant)

Shin-Etsu Chemical Co., Ltd. (信越化学工業株式会社, Shin'etsu Kagaku Kōgyō kabushiki kaisha) is the largest chemical company in Japan, ranked No. 9 in Forbes Global 2000 for chemical sector. Shin-Etsu has the largest global market share for polyvinyl chloride, semiconductor silicon, and photomask substrates.[4]

The company was named one of Thomson Reuters Top 100 Global Innovators in 2011, 2012, 2013 and 2014.[4]

“Shin-Etsu” in the company's name derives from Shin'etsu Region, where the company established the first chemical plant as Shin-Etsu Nitrogen Fertilizer in 1926, though the company today is headquartered in Tokyo and has its manufacturing locations in 16 countries worldwide.[5][6]

History

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1926–1999

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Shin-Etsu Nitrogen Fertilizer Co., Ltd. was founded in 1926 and in 1927 the Naoetsu plant was constructed for the production of carbide and lime nitrogen fertilizer. In 1938 the first facility of the Gunma Complex was established. The company changed its name to Shin-Etsu Chemical Co., Ltd. in 1940.[7]

In 1945 the company expanded with the construction of the Takefu plant.[8]

In 1949, the company shares were listed on the Tokyo stock exchange.[8]

The first silicone production facilities were set up in 1953.[9][10] Shin-Etsu established Nissin Chemical Industry Co., Ltd. in 1955, which was followed by the establishment of Shin-Etsu Polymer Co., Ltd. in 1960 and two years later the Shin-Etsu Astech Co., Ltd.[8]

The Kashima plant was constructed in 1970 and the following year the company headquarters relocated to the Asahi Seimei Otemachi Building in Ohtemachi, Chiyoda-ku, Tokyo. In 1972, Shin-Etsu Quartz Products Co., Ltd. was established.[8]

In 1973 the first company in the U.S. was established, Shintech, Inc.,[11] as well as the first in Malaysia, S.E.H. Malaysia Sdn. Bhd.[12]

Production at the Shintech Freeport plant began in 1976, and that same year the PVC & Polymer Materials Research Center and the Silicone Electronics Materials Research Center were established.[13]

Two more companies were established in the U.S. in 1985, K-Bin, Inc. (U.S.A.)[14] and Shin-Etsu Silicones of America, Inc.[15] Expansion in Korea and Taiwan followed with Shin-Etsu Silicone Korea Co., Ltd. in 1986[16] and Shin-Etsu Silicone Taiwan Co., Ltd. in 1987. In 1988, the company set up an Advanced Functional Materials Research Center and established Shin-Etsu (Malaysia) Sdn. Bhd.[17]

In 1996 Shin-Etsu acquired the Australian company Simcoa Operations Pty. Ltd.[6] In 1997, they launched its photoresists business and began production at the Naoetsu Plant in Niigata Prefecture.[18]

2000–present

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Construction of the first phase of the Shintech Addis plant was completed in 2000, and the second in 2002.[19][20] The company set up Asia Silicones Monomer Ltd. and Shin-Etsu Silicones Ltd. in Thailand during 2001 and in 2002, Shin-Etsu Chemical established Zhejiang Shin-Etsu High-Tech Chemical Co., Ltd in the Zhejiang Province of China for the production of silicon products. Also that year, JAPAN VAM&POVAL Co., Ltd. was established.[21][22]

References

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  1. ^ "Company Profile". Retrieved January 21, 2015.
  2. ^ "Board of Directors". Retrieved January 21, 2015.
  3. ^ "Shin-Etsu: net income 2005-2014". Statista. Retrieved March 16, 2015.
  4. ^ a b "Top 100 Global Innovators 2014". Thomson Reuters. Retrieved January 21, 2015.
  5. ^ "Berman, Lawrence Sam, (15 May 1928–16 May 2023)", Who Was Who, Oxford University Press, 2007-12-01, doi:10.1093/ww/9780199540884.013.u7340, ISBN 978-0-19-954089-1, retrieved 2024-02-06
  6. ^ a b "Shin-Etsu Group Companies" (PDF). shinetsu.co.jp. Retrieved 2024-08-30.
  7. ^ "Shin-Etsu Chemical Co., Ltd. (SHECY)". finance.yahoo.com. Retrieved 2024-08-30.
  8. ^ a b c d ev. "Company History". Shin-Etsu Chemical Co., Ltd. Retrieved 2024-08-30.
  9. ^ "Shin Etsu Silicones Of America". Global Cosmetic Industry. 2019-08-17. Retrieved 2024-08-30.
  10. ^ "Shin-Etsu Silicones". www.shinetsusilicones.com. Retrieved 2024-08-30.
  11. ^ futi (2012-10-01). "An Interview with Dr. Chihiro Kanagawa, Chairman of Shintech, Inc". Friends of UTokyo, Inc. Retrieved 2024-09-10.
  12. ^ "Working at S.E.H. MALAYSIA SDN. BHD. - Company Profile & Information | Hiredly Malaysia". my.hiredly.com. Retrieved 2024-09-10.
  13. ^ Ballard, Moriah (2024-01-29). "All Clear given after electrical fire at plant in Freeport; Here's what we know". KPRC. Retrieved 2024-09-18.
  14. ^ "K-Bin Inc". manta.com. Retrieved 2024-09-18.
  15. ^ "[Wcsa - Wowtimes - Almanac Events & Achievements 2023] Important imprints in 96 years of development of Shin-Etsu Chemical Co., Ltd., the largest chemical company in Japan (1926)". WCSA.WORLD. Retrieved 2024-09-18.
  16. ^ "Shin-Etsu Silicone Korea Co Ltd - Company Profile and News". Bloomberg.com. Retrieved 2024-09-18.
  17. ^ "Shin-Etsu Polymer Malaysia Sdn Bhd - Company Profile and News". Bloomberg.com. Retrieved 2024-09-18.
  18. ^ "Shin-Etsu Chemical to build fourth production base for semiconductor lithography materials". www.indianchemicalnews.com. Retrieved 2024-09-20.
  19. ^ Karlin, Sam (2018-07-24). "Shintech to make major investment in Plaquemine expansion, create 100-plus new jobs". The Advocate. Retrieved 2024-10-01.
  20. ^ "Plastics firm plans $500 million expansion at La. plants". The Courier. Retrieved 2024-10-01.
  21. ^ "Shin-Etsu Chemical to Build a New Plant for Silicone Products in Zhejiang Province, China". Yahoo Finance. 2024-05-15. Retrieved 2024-10-01.
  22. ^ "Shin-Etsu Chemical to Build a New Plant for Silicone Products in Zhejiang Province, China". businesswire.com. 2024-05-15. Retrieved 2024-10-01.

Further reading

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