Showa Denko (SDK) Establishes U.S. Subsidiary to Sell High-purity Gases for Electronics

Jul 25, 2017 13:30 JST

Source: Showa Denko K.K.

Aiming to Promote Sales in the United States

TOKYO, Jul 25, 2017 - (JCN Newswire) - Showa Denko ("SDK"; TSE:4004) has established a wholly-owned subsidiary, "Showa Chemicals of America Inc." (SCA), in Austin, Texas, aiming to strengthen its sale of high-purity gases for electronics in the U.S.

American semiconductor manufacturers have 15-percent share of the global semiconductor production capacity, and are expected to grow further. Moreover, a lot of major semiconductor manufacturers and semiconductor-processing-device manufacturers have headquarters in the United States and are developing state-of-the-art technologies there. Thus the U.S. market is very important for SDK in formulating effective marketing strategy to promote high-purity gases for electronics.

Until now, SDK has been marketing high-purity gases through Showa Denko America, Inc., which is SDK's wholly-owned subsidiary headquartered in New York. This time, SDK established SCA in order to further expand its high-purity gas business in the U.S., strengthen relationship between SDK and major semiconductor manufacturers in the U.S., and gather information about state-of-the-art semiconductor-processing technologies. SCA is scheduled to start its operation in October 2017.

SDK is the only manufacturer of high-purity gases in the world that provides full product lineup including ammoniated gases, chlorinated/brominated gases, and fluorinated gases. SDK sells various high-purity gas products in many areas where manufacturers of semiconductors and display panels are located. SCA will function as the Showa Denko Group's base in the U.S. to promote marketing, sale and distribution of high-purity gas products.

In its ongoing medium-term business plan "Project 2020+," SDK positions its business to produce and sell high-purity gases for electronics as "Growth-accelerating" business. We will position SCA as the central base of our electronic chemicals business in the U.S. and aim to expand that business further.

Reference: Outline of the new company

(1) Company name: Showa Chemicals of America Inc.
(2) Head office: Austin, Texas, the United States
(3) Capital: US$1.5 million
(4) Incorporation: July 2017
(5) Start of operation: October 2017
(6) Shareholder: Showa Denko K.K. (100%)
(7) Scope of business: Sale of high-purity gases for electronics and other chemicals
(8) President: Naoto Katayama

Contact:

Public Relations Office
Phone: 81-3-5470-3235

Source: Showa Denko K.K.
Sectors: Chemicals, Spec.Chem

Related Press Release

Showa Denko Launches Mass Production of 6-inch SiC Single Crystal Wafers

March 28 2022 11:00 JST

SDK Corrects Segment Information in 2021 Consolidated Financial Statements

March 11 2022 14:00 JST

Showa Denko Group Starts to Consider Transformation into Holding Company Structure

March 09 2022 14:00 JST

Showa Denko Decides Firm Name of the Newly Integrated Company

March 09 2022 14:00 JST

SDK Announces 2021 Consolidated Financial Results

February 14 2022 13:00 JST

SDK to Revise Amount of Director Compensation (in Money) Following Revision of Director Compensation Scheme and to Partially Revise Performance-Linked Stock Compensation Scheme

February 14 2022 13:00 JST

Showa Denko Accelerates Search for Optimal Formulation of Semiconductor Materials with Quantum Computing Technology

February 10 2022 12:00 JST

Showa Denko Revises Forecast of Consolidated Performance

February 09 2022 15:00 JST

New Year Message from Hidehito Takahashi, Showa Denko President and CEO

January 04 2022 13:00 JST

Showa Denko Develops HD Media for MAS-MAMR Technology

December 10 2021 12:30 JST

More Press release >>

Latest Press Release

First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST

Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST

Eisai: Research on Treatments for Alzheimer's Disease Based on Its Pathological Mechanisms Recieves Award for Science and Technology (Research Category)
Apr 18, 2024 10:53 JST

All-New Triton Confirmed as First Double-Cab Pickup Truck to Achieve 2024 Five-Star ANCAP Safety Rating
Apr 18, 2024 09:22 JST

Eisai's Antiepileptic Drug Fycompa Injection Formulation Launched In Japan
Apr 17, 2024 16:17 JST

Honda Unveils Next-generation EV Series for China
Apr 17, 2024 12:15 JST

Lexus presents Time at the 2024 Milan Design Week
Apr 16, 2024 18:49 JST

Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
Apr 16, 2024 14:36 JST

New circuit challenge for TOYOTA GAZOO Racing
Apr 15, 2024 17:21 JST

TOYOTA GAZOO Racing back on asphalt for Croatian challenge
Apr 12, 2024 19:36 JST

Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project
Apr 12, 2024 14:39 JST

MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors
Apr 11, 2024 18:08 JST

Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)
Apr 11, 2024 17:50 JST

DOCOMO, NTT, NEC and Fujitsu Develop Top-level Sub-terahertz 6G Device Capable of Ultra-high-speed 100 Gbps Transmission
Apr 11, 2024 15:10 JST

Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp
Apr 11, 2024 13:07 JST

Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine
Apr 10, 2024 16:55 JST

Transgene and NEC Present First Clinical Benefits of Neoantigen Cancer Vaccine, TG4050, in Head & Neck Cancer at AACR 2024
Apr 10, 2024 13:36 JST

More Latest Release >>