Nov 27, 2018 15:00 JST

Source: Showa Denko K.K.

SDK Agrees to Transfer Its Rare Earth Magnetic Alloy R&D Sector to TDK

TOKYO, Nov 27, 2018 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) has agreed to transfer its business sector which conducts research and development on rare earth magnetic alloys to TDK Corporation (TDK) around the end of January 2019. SDK and TDK concluded a transfer contract today.

The assets subject to this transfer consist mainly of a business sector which conducts R&D in Chichibu Plant as a part of the Showa Denko Group's rare earth magnetic alloy business and SDK's intellectual property rights on rare earth magnetic alloys.

Rare earth magnets are used as materials necessary for downsizing and energy efficiency improvement of home appliances and motors installed in HDDs, wind turbines and factory automation devices. Thus rare earth magnets are used in various situations of society.

SDK started to manufacture rare earth magnetic alloys in 1986. Since then, SDK has been developing new technologies, and successfully developed alloys for neodymium magnets which do not contain heavy rare earth metals such as dysprosium (Dy) and terbium (Tb) but have magnetic force equivalent to conventional rare earth magnets. In this way, SDK has been contributing to realization of society conserving natural resources and energy.

TDK offers various products including electronic parts on the basis of the company's original materials technologies centering on magnetic materials. In its magnet business, TDK has lines of neodymium magnets which contain plenty of rare earths and ferrite magnets, and offers them for use in various motors for many uses including automobiles, industrial equipment and ICT related products.

Recently, as electric vehicles (EVs) spread, global demand for magnets is expected to increase drastically, and development of magnets including development of customized alloys must be accelerated. Under these circumstances, SDK decided to transfer its R&D function and intellectual property rights concerning rare earth magnetic alloys to TDK, aiming to accelerate commercialization of high-performance rare earth magnets and development of leading-edge magnetic alloys applicable to hybrid vehicles and electric vehicles.

Furthermore, SDK will continue production of rare earth magnetic alloys in its Chichibu Plant after the transfer of its R&D function and intellectual property rights concerning rare earth magnetic alloys to TDK.

Contact:
Public Relations Office
Phone: 81-3-5470-3235
Source: Showa Denko K.K.
Sectors: Electronics, Cloud & Enterprise, Chemicals, Spec.Chem

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

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


More Latest Release >>