SDK to Improve Carbon Division's Production Sites in Europe

May 09, 2019 15:00 JST

Source: Showa Denko K.K.

TOKYO, May 09, 2019 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) has decided to improve its Carbon Division's production facilities in Europe. Capital investment for this project will amount to approximately 5 billion yen.

In its graphite electrode business, SDK is operating a total of seven production sites in Japan, Europe, the USA and Asia, with the largest share in the world's production capacity of high-quality, ultrahigh power (UHP) electrodes. Under the current medium-term business plan "The TOP 2021" launched this year, SDK aims to achieve the synergy effect of business integration (BIS40 Note) while ensuring stable supply and optimizing supply cost at respective graphite electrode production sites.

To realize BIS40, it is essential for SDK to establish a global system for supplying graphite electrodes with the same high quality. SDK therefore decided to improve facilities at its three production sites in Europe, one each in Germany, Spain and Austria, for the purpose of improving quality and stabilizing production. These sites are controlled by SDK's consolidated subsidiary SHOWA DENKO CARBON Holding GmbH, which is based in Germany. The construction work and quality improvement efforts are scheduled to begin in 2019 for completion in 2020. This project is expected to be equivalent to reducing SDK's total production capacity by around 5% during this period.

SDK will continue taking various measures to achieve "Value in Use No. 1" for customers and to increase the competitiveness and profitability of its graphite electrode business.

Note: "BIS40" refers to SDK's medium-term plan for maximizing the synergy of integrating graphite electrode business of SDK and its U.S. subsidiary Showa Denko Carbon, Inc. with that of former SGL GE Holding GmbH (acquired in 2017). Specifically, SDK aims to optimize its global supply and distribution channels, increase its bargaining power in raw material procurement, and combine respective advantages; namely, high productivity and cost-competitiveness of former SGL sites with high product quality at SDK's Omachi Plant and Showa Denko Carbon, Inc. Through these measures, SDK aims to achieve "Value in Use No. 1" for customers, and produce an economic effect of 4 billion yen by 2020.

Contact:

Showa Denko K.K. Public Relations Office, Tel: 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

Paltalk, Inc. Reports Slight Increase in Revenue and 33% Reduction in Net Loss for First Quarter 2024
May 09, 2024 20:39 JST

Honda Opens New R&D Facility in Bengaluru to Accelerate Electrification in India
May 09, 2024 14:13 JST

Fujitsu introduces "explainable AI" for use in genomic medicine and cancer treatment planning
May 09, 2024 10:41 JST

Mitsubishi Heavy Industries Increases Dividends on Back of Historically High FY2023 Results, Releases FY2024 Guidance
May 08, 2024 14:27 JST

Rome becomes the first European city to offer open loop transit payments to JCB Cardmembers
May 08, 2024 12:00 JST

NEC X Invests in Public Safety Startup Multitude Insights, Scaling AI-Powered Collaboration and Information Sharing for Law Enforcement
May 08, 2024 10:24 JST

ServiceNow and Fujitsu announce strategic commitment to launch innovative cross-industry solutions
May 08, 2024 08:52 JST

Fujitsu launches mainframe modernization automation service for the Japanese market
May 07, 2024 17:53 JST

MHI Agrees to Collaborate with Chiyoda Corporation for Licensing of CO2 Capture Technologies
May 07, 2024 13:49 JST

Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
May 02, 2024 18:05 JST

Spectacular Spa awaits TOYOTA GAZOO Racing
May 02, 2024 17:46 JST

Q&M Dental Enhances Digital Capabilities by Integrating Align Technology's Newest iTero Lumina(TM) Intraoral Scanner Across Dental Clinics in Singapore
May 02, 2024 11:00 JST

Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 30, 2024 19:08 JST

New Immuno-Oncology Research Project in Partnership With Merck Starts at the BioMed X Institute in Heidelberg
Apr 30, 2024 18:00 JST

SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 18:49 JST

MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 29, 2024 18:00 JST

POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST

Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST

JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST

Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST

More Latest Release >>