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TOKYO, Oct 3, 2017 - (JCN Newswire) - Showa Denko ("SDK"; TSE:4004) announces that, effective October 2, 2017, it completed acquisition of all shares in SGL GE Holding GmbH (SGL GE), a graphite electrode production company, and made it a wholly owned subsidiary of SDK. The acquired company's name was changed to "SHOWA DENKO CARBON Holding GmbH" as of the same date.
Through acquisition of full ownership of former SGL GE, SDK now has graphite electrode production bases in Europe and Southeast Asia, in addition to its existing bases in Japan, the United States, and China, and becomes the leading supplier in the global graphite electrode industry. SDK will strive to generate synergy as early as possible, pursue more cost competitiveness, enhance business durability, and achieve further growth in a highly competitive market.
Outline of SHOWA DENKO CARBON Holding GmbH
Name: SHOWA DENKO CARBON Holding GmbH
Location: Werner-von-Siemens-Str. 18, 86405 Meitingen, Germany
Representative: Klaus Unterharnscheidt, President
Business: Production, sale, and R&D of graphite electrodes
Establishment: December 11, 2015 (date of the establishment of SGL GE Holding GmbH)
Production bases: Six plants [in Germany, Austria, Spain, USA (two sites)*, and Malaysia]
* SHOWA DENKO CARBON Holding GmbH's USA plants will be transferred to Tokai Carbon Co., Ltd. in early November 2017.
Reference: Showa Denko Group's graphite electrode production sites**
**After the scheduled transfer of SHOWA DENKO CARBON Holding GmbH's sites in the U.S.
- Omachi Plant, Showa Denko K.K. (Omachi, Nagano Prefecture, Japan)
- Showa Denko Carbon, Inc. (Ridgeville, South Carolina, USA)
- Showa Denko Sichuan Carbon Inc. (Guangyuan, Sichuan Province, China)
- SHOWA DENKO CARBON Holding GmbH (Meitingen, Germany; Steeg, Austria; La Coruna, Spain; and Banting, Malaysia)
Contact:
Public Relations Office
Phone: 81-3-5470-3235
Topic: Press release summary
Source: Showa Denko K.K.
Sectors: Electronics, Chemicals, Spec.Chem
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From the Asia Corporate News Network
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