Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 13 July 2017, 18:00 HKT/SGT
Share:
    

Source: Showa Denko K.K.
Showa Denko: New Aluminum Can JV Has a Foundation Stone Laying Ceremony in Thailand

TOKYO, July 13, 2017 - (JCN Newswire) - Showa Denko ("SDK"; TSE:4004), Showa Aluminum Can Corporation (SAC), which is a consolidated subsidiary of SDK, and Carabao Group Public Company Limited (CBG), which is a leading beverage maker headquartered in Bangkok, Thailand, have established a joint corporation "Asia Pacific Can Company Limited" (APC) to manufacture and sell aluminum cans, and had a foundation stone laying ceremony today.

Establishment of APC was decided by the three founding parties in March 2017. After the start-up of operations of the factory which is scheduled for October 2018, APC will mainly manufacture aluminum cans for CBG's beverages for export from Thailand. CBG aims to expand its overseas sales, centering on Southeast Asian countries, China and the United Kingdom. APC will support CBG's overseas operations through stable supply of high-quality aluminum cans manufactured by leading-edge technologies and quality management system built up by SAC over many years. The Showa Denko Group positions its aluminum can business as "Growth-accelerating" business in its ongoing medium-term business plan "Project 2020+," and has been promoting business expansion strategy targeted at Southeast Asia. APC will be the Showa Denko Group's second overseas can production base following Hanacans Joint Stock Company of Vietnam. The Showa Denko Group will utilize APC's business development for the formation of its best marketing mix in Southeast Asia.

Outline of the joint corporation

Company name: Asia Pacific Can Company Limited
Scope of business: Production and sale of aluminum cans
Construction site: Bang Pakong, Chachoengsao Province, the Kingdom of Thailand
Establishment: June 15, 2017
Startup of operations: October 2018 (planned)
Capital: 700 million bahts
Shareholders: CBG (74%); SAC (24%); SDK (2%)


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/.

Contact:
Public Relations Office
Phone: 81-3-5470-3235


July 13, 2017 18:00 HKT/SGT
Source: Showa Denko K.K.

Showa Denko K.K. (TSE: 4004)

Topic: Press release summary
Sectors: Chemicals
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Multimedia
(left to right) Yasushi Tashiro, President of SAC and Mr. Sathien Setthasit, Chairman of CBG
View Image
 
a pile-driving ceremony
View Image
 

Showa Denko K.K.
Mar 5, 2019 16:30 HKT/SGT
Showa Denko Revises Board Benefit Trust
Feb 21, 2019 13:00 HKT/SGT
SDK to Begin Shipment of MAMR-Technology-based HD Media
Feb 14, 2019 14:00 HKT/SGT
SDK Records Impairment Loss (Extraordinary Loss)
Feb 14, 2019 14:00 HKT/SGT
Showa Denko Announces 2018 Consolidated Financial Results
Jan 21, 2019 13:00 HKT/SGT
SDK's 3.5-inch Media Now Used in World's-Largest-Capacity 16TB HDD
Jan 15, 2019 13:30 HKT/SGT
SDK Group Develops Ultralight Laminate-type Radiator for EV Battery Modules
Jan 4, 2019 10:30 HKT/SGT
New Year Message from Kohei Morikawa, Showa Denko President and CEO
Dec 19, 2018 14:00 HKT/SGT
Showa Denko Announces Notice Regarding the Status of Share Repurchase and Its Completion
Dec 11, 2018 13:00 HKT/SGT
Showa Denko Maps Out New Medium-term Business Plan "The TOP 2021"
Dec 11, 2018 13:00 HKT/SGT
Showa Denko Forecasts Payment of Term-end Dividend
More news >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: