Japan's Shin-Etsu Group Promotes Multi-purpose Product Development

A few days ago, the official website of Japan Shin-Etsu Group released the 2020 financial report (April 1, 2020-March 31, 2021). Among them, both operating income and profit of the silicone business have declined to a certain extent, especially the profit fell nearly year-on-year. 30%. The report pointed out that the decline in the silicone business was mainly due to the impact of the epidemic, and the decline in demand for skin care products and automobile-related industries, and the situation is expected to improve in 2021. As the demand of the whole industry picks up, Shin-Etsu said that it will make appropriate price adjustments. In the future, we will also promote the development of multi-purpose products in response to customer needs.