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| 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.
 | | Ceremony for the completion of the new plant |
 | | SDNZ's new plant |
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
Contact:
Public Relations 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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