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Friday, 22 September 2017, 16:00 HKT/SGT
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Source: Showa Denko K.K.
Showa Denko Establishes Fourth Bulk Molding Compound Plant in Asia
SDNZ Has a Ceremony for the Completion of New Plant in Zhuhai, China

TOKYO, Sept 22, 2017 - (JCN Newswire) - Today, Showa Denko New Material (Zhuhai) Co., Ltd. (SDNZ), a consolidated subsidiary of Showa Denko ("SDK"; TSE:4004), had a ceremony for the completion of its new plant to produce thermosetting bulk molding compound (BMC) in Zhuhai, Guangdong Province, China.

SDNZ's new plant is the Showa Denko Group's second BMC production base in China, while the first one in China is located in Shanghai.

SDK Group's BMC business sector formerly had production bases at three locations, namely, in Japan, Shanghai and Thailand. The production base in Shanghai has been supplying BMC to customers mainly in East China, and has been operating at full capacity because sales of BMC in China have been rapidly increasing, centering on the application for automobiles and home electrical appliances. The new plant of SDNZ, of which we had a ceremony for the completion today, will supply BMC to customers mainly in South China.

Under its ongoing medium-term consolidated business plan, "Project 2020+," SDK Group positions its business in functional chemicals including BMC as "Growth-accelerating" business. SDK Group will make its BMC production system, which comprises four production bases located in Japan, Shanghai, Zhuhai and Thailand, ready to be operated at full capacity as soon as possible, and aggressively expand its functional chemicals business especially in China and ASEAN region where rapid growth of the market is expected.

Outline of the second BMC production base in China

Company name: Showa Denko New Material (Zhuhai) Co., Ltd.
Location: Zhuhai, Guangdong Province, China
Date of incorporation: July 2015
Scope of business: Production of BMC
Capital: RMB 70,000,000 (JPY 1,190,000,000: RMB 1/JPY 17)
Shareholders: SDK (70%), Eternal Materials Co., Ltd. (30%)
Number of employees: about 50 employees


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


Sept 22, 2017 16:00 HKT/SGT
Source: Showa Denko K.K.

Showa Denko K.K. (TSE: 4004)

Topic: Press release summary
Sectors: Chemicals
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Ceremony for the completion of the new plant
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SDNZ's new plant
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