SDK Completes Transfer of SGL GE's U.S. Business
08 Novembre 2017 - 1:00AM
JCN Newswire (English)
Showa Denko ("SDK"; TSE: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.
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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