|Aiming to Promote Sales in the United States|
TOKYO, July 25, 2017 - (JCN Newswire) - Showa Denko ("SDK"; TSE:4004) has established a wholly-owned subsidiary, "Showa Chemicals of America Inc." (SCA), in Austin, Texas, aiming to strengthen its sale of high-purity gases for electronics in the U.S.
American semiconductor manufacturers have 15-percent share of the global semiconductor production capacity, and are expected to grow further. Moreover, a lot of major semiconductor manufacturers and semiconductor-processing-device manufacturers have headquarters in the United States and are developing state-of-the-art technologies there. Thus the U.S. market is very important for SDK in formulating effective marketing strategy to promote high-purity gases for electronics.
Until now, SDK has been marketing high-purity gases through Showa Denko America, Inc., which is SDK's wholly-owned subsidiary headquartered in New York. This time, SDK established SCA in order to further expand its high-purity gas business in the U.S., strengthen relationship between SDK and major semiconductor manufacturers in the U.S., and gather information about state-of-the-art semiconductor-processing technologies. SCA is scheduled to start its operation in October 2017.
SDK is the only manufacturer of high-purity gases in the world that provides full product lineup including ammoniated gases, chlorinated/brominated gases, and fluorinated gases. SDK sells various high-purity gas products in many areas where manufacturers of semiconductors and display panels are located. SCA will function as the Showa Denko Group's base in the U.S. to promote marketing, sale and distribution of high-purity gas products.
In its ongoing medium-term business plan "Project 2020+," SDK positions its business to produce and sell high-purity gases for electronics as "Growth-accelerating" business. We will position SCA as the central base of our electronic chemicals business in the U.S. and aim to expand that business further.
Reference: Outline of the new company
(1) Company name: Showa Chemicals of America Inc.
(2) Head office: Austin, Texas, the United States
(3) Capital: US$1.5 million
(4) Incorporation: July 2017
(5) Start of operation: October 2017
(6) Shareholder: Showa Denko K.K. (100%)
(7) Scope of business: Sale of high-purity gases for electronics and other chemicals
(8) President: Naoto Katayama
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
July 25, 2017 12:30 HKT/SGT
Source: Showa Denko K.K.
Showa Denko K.K. (TSE: 4004)
Topic: Establish Subsidiary
From the Asia Corporate News Network
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