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TOKYO, Mar 24, 2010 - (ACN Newswire) - Showa Denko K.K. (SDK) has decided to establish a Functional Polymers Division within its Chemicals Sector as from July 1, 2010 following the merger on that date of its consolidated subsidiary Showa Highpolymer Co., Ltd. (SHP).
As announced on December 15, 2009, it was decided to merge the two companies to accelerate the growth of SDK's functionalized materials/functional monomers operations and SHP's functional polymers operations through integration of relevant managerial resources, including human resources, technologies, organizations, and funds for investment.
In this context, SDK will establish Functional Polymers Division on July 1 to take over SHP's marketing, production, technical service, and supply chain management (SCM) functions.
The Division will have Composite Materials, Emulsion, Phenolic Resin, Electronics Materials, and Bionolle departments to take over SHP's marketing functions. It will also have Isesaki and Tatsuno plants, and Oita Production Department, to take over SHP's production, technical service, environmental protection, and quality assurance functions. Furthermore, SCM Center will be established under the Division to take over SHP's SCM functions.
Meanwhile, SHP's product development functions will be taken over by the existing Chemicals Development Department within the Chemicals Sector. SHP's head office staff functions will be taken over by relevant staff sections at SDK's head office, Planning Department of the Chemicals Sector, and the new Functional Polymers Division. The jurisdiction over the Tokuyama Plant will be transferred from the Petrochemicals Sector to the Chemicals Sector, also as from July 1, 2010.
Additionally, an EM Production Department will be established at the Oita Complex, Petrochemicals Sector.
Contact:
Showa Denko KK
IR & PR Office
Phone: +81-3-5470-3235
Topic: Press release summary
Source: Showa Denko K.K.
Sectors: Chemicals, Spec.Chem
http://www.acnnewswire.com
From the Asia Corporate News Network
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