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Shin-Etsu to boost US plastic production on back of Biden stimulus

Japanese chemical maker plans $1.25bn investment, anticipating infrastructure push

President Joe Biden has pledged to invest $2 trillion in infrastructure over his four-year term. (Source photos from AP and Shin-Etsu Chemical)

TOKYO -- During the presidential campaign, U.S. President Joe Biden promised to invest $2 trillion in infrastructure over his four-year term to shore up the economy. One Japanese company has concluded that this is an opportunity it cannot miss.

Shin-Etsu Chemical, the world's top producer of polyvinyl chloride resins -- the plastic used in a range of construction applications including window frames, water pipes and wire insulation -- will invest 130 billion yen ($1.25 billion) to build an additional plastic plant in the state of Louisiana, Nikkei has learned.

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