TOKYO -- Japan's Shin-Etsu Chemical has ridden a highly efficient polyvinyl chloride (PVC) plastic business to achieve an operating profit margin greater than Apple's, overcoming stiff competition in a commodity market and market volatility caused by Chinese overproduction with a diligent sales team.
That efficiency is on display at a factory in the U.S. state of Louisiana operated by Shin-Etsu subsidiary Shintech, which was established in 1973. The plant boosted PVC production by 10% in 2021 and is looking at another 10% increase after an expansion that is scheduled to be completed this year.
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