1. Home
  2. Press release
Jan 20, 2020 12:30 JST

Source: Showa Denko K.K.

Showa Denko to Streamline Domestic Production of Unsaturated Polyester Resin and Vinyl Ester Resin

TOKYO, Jan 20, 2020 - (JCN Newswire) - Showa Denko K.K. (SDK; TSE:4004) has decided to terminate production lines to synthesize unsaturated polyester resin (UP) and vinyl ester resin (VE) at its Isesaki Plant by the end of June 2021, and concentrate domestic production of UP and VE at its Tatsuno Plant, in order to improve profitability of its UP and VE businesses.

SDK's functional polymer business has production lines at two bases in Japan, two bases in China and one base in Thailand. UP is marketed mainly as a molding material for automotive parts, housing and construction materials. VE is marketed mainly as a corrosion resistant material and electronic material. The demand for UP and VE is increasing in overseas markets, especially in China and ASEAN countries, due to increases in housing and infrastructure construction, and growth in the automotive industry. However, in the domestic market, demand for UP and VE is decreasing due to a decrease in new housing construction, the main use for UP and VE in Japan.

Therefore, SDK will concentrate operations to produce UP and VE at the Tatsuno Plant, aiming to streamline production of UP and VE in Japan. In addition, SDK decided to concentrate its marketing effort for UP and VE on market segments which are expected to be highly profitable and grow, aiming to strengthen earning power of the UP and VE businesses. In Japan, SDK will focus its marketing effort on infrastructural use. Outside Japan, SDK will focus its sales effort on promising markets including China and ASEAN. Furthermore, the Isesaki Plant will commit itself to development and production of highly functional resins for electronics, whose market continues growing.

The Showa Denko Group's Vision is to make itself a "KOSEIHA Company" (a group of KOSEIHA Businesses that can maintain profitability and stability at high levels over a long period), and the Group aims to make more than half of its businesses KOSEIHA Businesses by 2025. With regard to its functional polymer business, SDK aims to make it a KOSEIHA Business by selecting appropriate market segments and improving its profitability.

Contact:
Showa Denko K.K., Public Relations Office, Tel: 81-3-5470-3235
Source: Showa Denko K.K.
Sectors: 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


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

MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST

GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST

Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST

Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST

UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST

Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST

MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST

Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST

NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST

Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST

Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST

NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST

Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST

TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST

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
 More Latest Release >>