|SAC Starts Commercial Operation of New Can End Production Lines|
TOKYO, Oct 30, 2015 - (ACN Newswire) - Showa Aluminum Can Corporation (SAC), a consolidated subsidiary of Showa Denko (SDK) (TOKYO: 4004), completed construction of can end production lines in Vietnam, and went into quantity production of can ends this October.
In May 2014, SAC acquired controlling stake of Hanacans Joint Stock Company (Hanacans), an aluminum beverage can manufacturer of Vietnam. Since then, by introducing SAC's advanced manufacturing technology and latest quality management system into Hanacans, SAC has successfully increased Hanacans' sales in Vietnamese market where demand for canned beer continues increasing.
In the past, Hanacans did not have the line to produce can ends, and outsourced them. Therefore, Hanacans started to set up new can end production facilities in October 2014. Moreover, in August 2015, Hanacans was successfully certified that it meets FSSC 22000, which is an international standard for food safety management system. This time, through the establishment of the integrated system to produce cans and can ends, Hanacans will achieve further quality improvement and stable production in its whole product lines.
The demand for canned beer in Vietnam increases about 10% every year, as a result of the rise in the standard of living. The Showa Denko Group aims to expand its aluminum beverage can business in Vietnam through stable and speedy supply of products that meet customers' requirement for quality.
Outline of Hanacans
Company name: Hanacans Joint Stock Company
Head office: Bac Ninh Province, Vietnam (20km north of Hanoi)
Capital stock: 383,987 million Dong
- Showa Aluminum Can Corporation: 90%
- Showa Denko K.K.: 1.75%
- Hanaka Group: 8.25%
Representative: Ken-ichi Taguchi (General Director)
Scope of business: Production and sale of aluminum cans for beer and other types of beverages.
About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY), a major manufacturer of chemical products, serves a wide range of fields from heavy industry to electronics and computer industries. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, and the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory and graphite electrodes and fine carbon products. 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/.
Public Relations Office
Oct 30, 2015 15:00 HKT/SGT
Source: Showa Denko K.K.
Showa Denko K.K. (TSE: 4004)
Topic: Press release summary
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