SDK Completes Acquisition of SGL GE

04-Oct-2017 Intellasia | Showa Denko K.K. | 6:00 AM Print This Post

TOKYO, Oct 3, 2017 – (JCN Newswire) – Showa Denko (“SDK”; TSE:4004) announces that, effective October 2, 2017, it completed acquisition of all shares in SGL GE Holding GmbH (SGL GE), a graphite electrode production company, and made it a wholly owned subsidiary of SDK. The acquired company’s name was changed to “SHOWA DENKO CARBON Holding GmbH” as of the same date.

Through acquisition of full ownership of former SGL GE, SDK now has graphite electrode production bases in Europe and Southeast Asia, in addition to its existing bases in Japan, the United States, and China, and becomes the leading supplier in the global graphite electrode industry. SDK will strive to generate synergy as early as possible, pursue more cost competitiveness, enhance business durability, and achieve further growth in a highly competitive market.

Outline of SHOWA DENKO CARBON Holding GmbH

Name: SHOWA DENKO CARBON Holding GmbH

Location: Werner-von-Siemens-Str. 18, 86405 Meitingen, Germany

Representative: Klaus Unterharnscheidt, President

Business: Production, sale, and R&D of graphite electrodes

Establishment: December 11, 2015 (date of the establishment of SGL GE Holding GmbH)

Production bases: Six plants [in Germany, Austria, Spain, USA (two sites)*, and Malaysia]

* SHOWA DENKO CARBON Holding GmbH’s USA plants will be transferred to Tokai Carbon Co., Ltd. in early November 2017.

Reference: Showa Denko Group’s graphite electrode production sites**

**After the scheduled transfer of SHOWA DENKO CARBON Holding GmbH’s sites in the U.S.

– Omachi Plant, Showa Denko K.K. (Omachi, Nagano Prefecture, Japan)

– Showa Denko Carbon, Inc. (Ridgeville, South Carolina, USA)

– Showa Denko Sichuan Carbon Inc. (Guangyuan, Sichuan Province, China)

– SHOWA DENKO CARBON Holding GmbH (Meitingen, Germany; Steeg, Austria; La Coruna, Spain; and Banting, Malaysia)

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/.

Contact: Public Relations Office

Phone: 81-3-5470-3235

Copyright 2017 JCN Newswire . All rights reserved.

http://www.acnnewswire.com/press-release/english/38847/

 


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