Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 1 August 2019, 18:00 HKT/SGT
Share:
    

Source: Showa Denko K.K.
SDK Gains Approval for Its Plan for Innovative Use of Data

TOKYO, Aug 1, 2019 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) announces that its plan for establishing a new information platform has been approved by the government as one of the "Plans for Innovative Use of Data for Industrial Activities" under the Act on Special Measures for Productivity Improvement. The approval was given on July 18.

In accordance with Article 22 of the Act, Minister for Internal Affairs and Communications as well as Minister of Economy, Trade and Industry approve capital investment plans for productivity improvement (in terms of labor productivity and return on investment) through coordination and utilization of data with prescribed cybersecurity measures. In cases of capital investments based on such approved plans, companies can receive government support in the form of tax credit and special depreciation.

As announced on May 9 this year, SDK decided to introduce "SAP S/4HANA," an enterprise resource planning (ERP) system developed by SAP SE. Based on the system, SDK will establish a platform for unified management of information on sales, accounting and procurement pertaining to various sites it operates globally. The unified data under "SAP S/4HANA" will be supplied to new systems of sales target and profit/loss simulation, and analyzed. Thus, SDK will achieve a proactive management style by implementing effective measures based on "planning backward from a future image." Thus, SDK's plan for establishing the new information platform has been approved as a Plan for Innovative Use of Data for Industrial Activities.

Under its medium-term business plan "The TOP 2021," SDK aims to maximize CUSTOMER Experience through full utilization of artificial intelligence (AI) and Internet of things (IoT). By establishing the new information platform, SDK will continue increasing management efficiency and creating best solutions through integration of various products and services.


About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. 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, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/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:
Showa Denko K.K., Public Relations Office, Tel: 81-3-5470-3235


Aug 1, 2019 18:00 HKT/SGT
Source: Showa Denko K.K.

Showa Denko K.K. (TSE: 4004)

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


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Showa Denko K.K.
June 26, 2020 13:00 HKT/SGT
Showa Denko Group Recycles 4.43 Million Aluminum Cans in FY2019
June 23, 2020 15:00 HKT/SGT
SDK Subsidiary, Hitachi Chemical Changes Name
June 15, 2020 11:30 HKT/SGT
SDK Group Completes Expansion of Lines to Produce Vinyl Ester Resin and Synthetic Resin Emulsion in Shanghai
May 15, 2020 15:30 HKT/SGT
Showa Denko Announces 2020 First Quarter Financial Results
May 15, 2020 15:30 HKT/SGT
SDK Revises 2020 Consolidated Performance Forecast and Dividend Payment Forecast
Apr 21, 2020 15:00 HKT/SGT
Showa Denko Announces Results of Tender Offer for Shares in Hitachi Chemical Company, Ltd. (JP:4217) and Change in Subsidiary (a Second-tier Subsidiary Company)
Apr 21, 2020 15:00 HKT/SGT
Showa Denko Announces Fundraising, Capital Reduction of the Consolidated Subsidiary and Change in the Specified Subsidiary Company
Apr 13, 2020 14:00 HKT/SGT
Showa Denko, AIST, NEDO and ADMAT Prove AI Speeds up Development of Flexible Transparent Film
Apr 1, 2020 11:30 HKT/SGT
Outline of Showa Denko CEO Message to Newly-hired Employees
Mar 23, 2020 15:00 HKT/SGT
Showa Denko to Commence Tender Offer for Shares in Hitachi Chemical Company, Ltd. (JP:4217)
More news >>
 News Alerts
Copyright © 2020 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 6859 8575

Connect With us: