Showa Denko Establishes Fourth Bulk Molding Compound Plant in Asia
22 Septembre 2017 - 10:00AM
JCN Newswire (English)
Today, Showa Denko New Material (Zhuhai) Co., Ltd. (SDNZ), a
consolidated subsidiary of Showa Denko ("SDK"; TSE:4004), had a
ceremony for the completion of its new plant to produce
thermosetting bulk molding compound (BMC) in Zhuhai, Guangdong
Province, China.
SDNZ's new plant is the Showa Denko Group's second BMC production
base in China, while the first one in China is located in
Shanghai.
SDK Group's BMC business sector formerly had production bases at
three locations, namely, in Japan, Shanghai and Thailand. The
production base in Shanghai has been supplying BMC to customers
mainly in East China, and has been operating at full capacity
because sales of BMC in China have been rapidly increasing,
centering on the application for automobiles and home electrical
appliances. The new plant of SDNZ, of which we had a ceremony for
the completion today, will supply BMC to customers mainly in South
China.
Under its ongoing medium-term consolidated business plan, "Project
2020+," SDK Group positions its business in functional chemicals
including BMC as "Growth-accelerating" business. SDK Group will
make its BMC production system, which comprises four production
bases located in Japan, Shanghai, Zhuhai and Thailand, ready to be
operated at full capacity as soon as possible, and aggressively
expand its functional chemicals business especially in China and
ASEAN region where rapid growth of the market is expected.
Outline of the second BMC production base in China
Company name: Showa Denko New Material (Zhuhai) Co., Ltd.
Location: Zhuhai, Guangdong Province, China
Date of incorporation: July 2015
Scope of business: Production of BMC
Capital: RMB 70,000,000 (JPY 1,190,000,000: RMB 1/JPY 17)
Shareholders: SDK (70%), Eternal Materials Co., Ltd. (30%)
Number of employees: about 50 employees
About Showa Denko K.K.
Showa Denko K.K. ("SDK"; TSE:4004, US:SHWDF) is a major
manufacturer and marketer of chemical products serving a wide range
of fields ranging from heavy industry to the electronic and
computer industries. The Petrochemicals Sector provides cracker
products such as ethylene and propylene, the Chemicals Sector
provides industrial and high-performance gases and chemicals and
high-purity gases and chemicals for the semiconductor industry, and
the Inorganics Sector provides ceramics products such as alumina,
abrasive, refractory and graphite electrodes and fine carbon
products. Today, the Aluminum Sector provides aluminum materials
and high-value-added fabricated aluminum, the Electronics Sector
provides HD media, compound semiconductors such as ultra
high-bright LEDs and rare earth magnetic alloys, and the Advanced
Battery Materials Department (ABM) provides lithium-ion battery
components. For more information, please visit
www.sdk.co.jp/english/.
Source: Showa Denko K.K.
Contact:
Public Relations Office
Phone: 81-3-5470-3235
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