>SHIN-ETSU CHEMICAL TO BUILD $1.4 BILLION PLANT IN U.S.
>The U.S. plant will benefit from tax cuts on investment, introduced by the administration of President Donald Trump to encourage plant construction in the U.S.
>Using the favorable conditions, Shin-Etsu aims to establish an ethylene-based production system to further solidify its top share in the global market.
>The new plant will be built on a site adjacent to the company's existing plant in the U.S. state of Louisiana, where Shintech, a polyvinyl chloride manufacturing subsidiary, is located. Shin-Etsu plans to bring it online by January 2021.