Japan Chemical Trading Blog
Shin-Etsu New Factory in Vietnam
On April 21, Shin-Etsu Chemical Co., Ltd. announced that “they were going to establish a new rare-earth magnet factory with a production capacity of 2,000 ton in Vietnam investing approx. 12 billion yen”.
This company has filed a construction license for an ethylene factory in the U.S. just last week.
Both decisions seem just like Shin-Etsu’s who has been recognized by its foresight and drastic leverage.
Although their business field is different from ours, it is a company that can be a great model that other businesses’ managements should learn from.