Shin-Etsu Chemical

Profile

Summary

Shin-Etsu is a chemical maker based in Tokyo, Japan, that was founded in 1926 in Nagano prefecture to make nitrogen fertilizer. Later it expanded into other products like polyvinyl chloride (PVC) and semiconductor silicon. Shintech, a wholly owned subsidiary of Shin-Etsu, opened a PVC factory in Freeport, Texas, in 1974 and proposed a new plant in Convent, Louisiana, but was defeated in 1998 by environmental justice activists after a massive fight over projected dioxin, ethylene dichloride and vinyl chloride pollution – all of which are known carcinogens. However, Shintech ultimately won approval of two other plants nearby – in Addis and Plaquemine that were constructed in 2000 and 2008 respectively and then expanded several times.

In 2008, Shintech was ordered to pay total penalties of over $12 million for air pollution in Freeport, and in December 2020, the company was ordered to pay $356,000 for incidents involving thousands of pounds of chemical releases and worker injuries over a dozen years at the Louisiana plants. Eight weeks after the Louisiana settlement, the state approved a $1.3 billion expansion of the company’s facilities in Plaquemine, but environmental justice activists have started to organize to try to stop it. Unfortunately local politicians in Iberville parish have not merely agreed to the Plaquemine expansion but approved a $110 million tax break for the company.

Products

 Chemicals, Specialty chemicals, Semiconductor silicon, Electronics and functional materials

Violations

Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
environment-related offenses$14,000,31421
safety-related offenses$49,9085

(September 30, 2022)

Number of Records
26
Total Penalties
$14,050,222 (September 30, 2022)
Information in this section is drawn from the Violation Tracker database produced by the Corporate Research Project of Good Jobs First in Washington DC. It is the most comprehensive source of data on business violations of laws and regulations in the United States. For specific examples of misconduct, please click on the links.

Stories

Article Archive
Videos & Podcasts
High cancer risk plagues Louisiana town near chemical plants
Toxic tensions in the heart of 'Cancer Alley'

 

CorpWatch Stories
Shintech Environmental Racism

Lousiana Environmental Action Network and Greenpeace USA | September 1, 1999

In 1996, Shintech, a subsidiary of the Japanese firm, Shin-Etsu Chemical, announced plans to spend $700 million building 3 chemical factories and an incinerator next to homes and schools in Convent, Louisiana, a small community (population 2052) in southern Louisiana, USA.

Activism

Recent & Ongoing Campaigns
Environmental groups oppose Shintech's Louisiana expansion over air pollution concerns

Halle Parker | The Advocate | February 2, 2021

Standing in front of the pews of Broadmoor Community Church in New Orleans, environmental advocates gathered Tuesday morning to oppose the $1.25 billion expansion of plastics producer Shintech Louisiana's plant in Iberville Parish, part of Louisiana's growing industrial corridor along the Mississippi River.

Coalition Statement Opposing Shintech Expansion

Louisiana Bucket Brigade | February 1, 2021

On Tuesday, January 26th, Governor John Bel Edwards announced that Shintech is planning a $1.3 billion expansion in Iberville and West Baton Rouge parishes. Governor Edwards’ ongoing support of the construction and expansion of foreign petrochemical companies that use Louisiana as a dumping ground furthers ....

Shintech and Opponents Brace for Another Round

Don Richards | Independent Commodity Intelligence Services | March 22, 1999

Shintech Inc. can expect to face stiff opposition to its proposed $250 million polyvinyl chloride resin project intended to be situated across Choctaw Road from Dow Chemical Company's Plaquemine, La., complex.

Major Investigations
& Lawsuits
Shintech expansion follows agreements to pay $356K to settle Louisiana, federal violations

Mark Schleifstein | nola.com | February 1, 2021

The Jan. 26 announcement by state and company officials of a $1.3 billion Shintech plastics expansion in Plaquemine came just eight weeks after the chemical giant agreed to pay $356,500 in state and federal fines for violations dating back a dozen years, incidents that included the release of thousands of pounds of toxic chemicals and the injury of several workers. 

PVC producer fined $12 million for environmental damage

Larry Greenemeier | Scientific American | December 2, 2008

The feds yesterday ordered a major U.S. producer of polyvinyl chloride (PVC) resin, a known cancer-causing agent, to pay $12 million in fines and to clean up its facilities after determining that it violated antipollution laws.


 
Environmental Impacts
Double Disaster in Ida's Wake: Will EPA Finally Ensure Industrial Facilities Prepare for Climate Change?

Darya Minova | Center for Progressive Reform | September 9, 2021

On August 29, Hurricane Ida pummeled Louisiana’s coastline with winds as high as 150 miles per hour and a storm surge of up to nine feet, flooding communities and destroying homes.

Opposition Grows Against Shintech’s Petrochemical Plant Expansion in Cancer Alley

Michael Esealuka  | Healthy Gulf | February 18, 2021

On Tuesday, January 26th, Governor John Bel Edwards announced that Shintech is planning a $1.3 billion expansion in Iberville and West Baton Rouge parishes.

PERI Pollution Indexes

Based on United States Environmental Protection Agency data ranking the top 100 worst polluters.


Employment Practices
& Relations
Chemical plant identifies two dead workers

Josh Auzene | WAFB9 | May 23, 2011

Shintech Louisiana LLC issued a news release naming Tommy Rivet and Tory Sanchez as the two people who died in an accident at the plant Sunday.


Financials

Corporate Headquarters
2 Chome-2-2 Ōtemachi, Chiyoda City, Tokyo 100-0004, Japan
Most Recent Gross Revenue
$14.338 billion (2022) | source
Most Recent Net Revenue
$2.959 billion (2022) | source
Stock Exchange Tickers
TYO: 4063, NAG: 4063
Subsidiaries

Note: List may not be complete.

Croctail Subsidiary Tool using the CorpWatch API - This API extracts the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the US SEC.


Major Shareholders

Click here for the latest data.

 


 
Political Influence

Open Secrets - Tracks corporate lobbying of US politicians.

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OpenSecrets.org Profile of Shin-Etsu


 
Import & Export Data

ImportYeti - Shipping Tracking Tool - Bill of ladings are public information that are too cost prohibitive, challenging to obtain and difficult to use for the average joe. ImportYeti's goal is to solve that problem.


Subsidy Tracker
Subsidy Tracker
Subsidy Tracker is a project of Good Jobs First in Washington DC. It is the most comprehensive source of data on state and federal subsidies in the United States. For more details, click on the links.
Click here for details on subsidies received by Shin-Etsu
Tax Havens
& Evasion
$110 million in tax breaks approved for plastic-maker Shintech by Iberville Parish

Youseff Rddad | The Advocate | May 26, 2021

Plastic-making giant Shintech Louisiana can skip paying Iberville Parish nearly $110 million in local taxes after a majority of council members approved a sizable tax break for the company.


Major Projects
Shintech expansion follows agreements to pay $356K to settle Louisiana, federal violations

MARK SCHLEIFSTEIN | nola.com | February 1, 2021

The Jan. 26 announcement by state and company officials of a $1.3 billion Shintech plastics expansion in Plaquemine came just eight weeks after the chemical giant agreed to pay $356,500 in state and federal fines for violations dating back a dozen years ...

Shintech plastic manufacturing expansion ‘very disappointing,’ environmentalist says

JC Canicosa | LA Illuminator | January 26, 2021

Shintech Louisiana LLC, the world’s leading manufacturer of a widely produced synthetic plastic polymer called PVC, will invest $1.3 billion to expand manufacturing and packaging facilities in Iberville and West Baton Rouge parishes, Gov. John Bel Edwards’ office announced Tuesday.


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