Showa Denko K K : SDK Completes Transfer of SGL GE’s U.S. Business
November 07, 2017 at 07:12 pm EST
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Showa Denko K.K.
November 8, 2017
Showa Denko (SDK) (TOKYO: 4004) announces that, effective November 7, 2017, it completed the transfer of all shares in SGL GE Carbon Holding LLC to Tokai Carbon Co., Ltd. This announcement is a follow-up to our news release of September 28, 2017 entitled 'SDK Obtains Competition Authorities' Approval for SGL GE Acquisition and Decides to Transfer U.S. Business to Tokai Carbon.'
Under SDK's ongoing medium-term business plan 'Project 2020+,' the graphite electrode business is positioned as one of the basic businesses that generate stable profit and cash flow. Following the acquisition of SGL GE, SDK has become the leading supplier of graphite electrodes.
SDK will strive to speedily generate synergy with SHOWA DENKO CARBON Holding GmbH, which has been established as a result of the integration with SGL GE. SDK will aim to achieve further growth in a highly competitive market by strengthening the business in terms of both profitability and stability.
For further information, contact:
Public Relations Office (Phone: 81-3-5470-3235)
Showa Denko KK published this content on 08 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 November 2017 00:11:00 UTC.
Original documenthttp://www.sdk.co.jp/english/news/2017/26849.html
Public permalinkhttp://www.publicnow.com/view/499A52A4D0267CCC01402B9C598A50D5783E157D
Resonac Holding Corporation (formerly Showa Denko KK) is a holding company organized around 7 family of products:
- materials (43.8% of net sales): electronics materials (epoxy molding compounds, die bonding materials, CMP slurries, anisotropic conductive films), printed wiring board materials (copper-clad laminates, photosensitive dry films), mobility components (plastic molded products, friction materials, powder metal products, carbon anode materials for LIBs), energy storage devices and systems (automotive and industrial batteries), and life sciences (diagnostics, contracted manufacturing of regenerative medicine products);
- petrochemical products (19.6%): olefins (polyethylene, polypropylene) and organic chemical products (vinyl acetate monomer, ethyl acetate and plastics);
- chemical products (12.9%): caustic soda, chlorine, liquid ammonia, amino acids, polymers, gas (oxygen, nitrogen, hydrogen), etc.;
- electronic components (8.3%): hard disks, semiconductors components, magnetic components, etc.;
- inorganic products (7.1%): ceramics and carbons (graphite electrodes);
- aluminum products (5.3%): aluminum foils, extruded products, forged products, cans, etc.;
- other (3%).
Net sales break down geographically as follows: Japan (53.4%), China (12%), Asia (20.6%) and other (14%).