Reuters: Japan's Shin-Etsu: no sign of U.S. housing recovery

[chris]

Japan's Shin-Etsu: no sign of U.S. housing recovery
      

TOKYO (Reuters) - Japan's Shin-Etsu Chemical Co Ltd  sees no signs of recovery in the U.S. housing market and is looking to emerging markets for growth, the president of the chemical maker said on Monday. Shin-Etsu is the world's largest maker of polyvinyl chloride (PVC), a resin used in pipes, wires and other construction materials. It was hit hard by the U.S. housing slump.
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