English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 7 December 2018, 10:30 HKT/SGT
Share:
    

Source: Showa Denko K.K.
Showa Denko: New Aluminum Can JV holds Ceremony for Completion of Factory in Thailand

TOKYO, Dec 7, 2018 - (JCN Newswire) - Showa Denko (SDK; TSE:4004), Showa Aluminum Can Corporation (SAC), a consolidated subsidiary of SDK, and Carabao Group PCL (CBG), a leading beverage maker headquartered in Bangkok, jointly held a ceremony on December 6 for the completion of a new aluminum can factory owned and operated by Asia Can Manufacturing Co., Ltd. (ACM). ACM is a can manufacturing company established in June 2017 as a joint venture among SDK, SAC and CBG, and had been conducting the project to construct the new factory since then.

The Showa Denko Group positions its aluminum can business as "Growth-accelerating" business in its ongoing medium-term business plan "Project 2020+," and has been promoting business expansion strategy targeted at Southeast Asia. As a result of the completion of the new aluminum can factory of ACM, Showa Denko Group's capacity to manufacture aluminum cans in Southeast Asia has been expanded to 3 billion cans a year, including that of Hanacans Joint Stock Company of Vietnam.

After the start-up of operations of the new factory, ACM will mainly manufacture aluminum cans for CBG's beverages for export from Thailand. CBG aims to expand its overseas sales, centering on Southeast Asian countries, China and the United Kingdom. ACM will support CBG's overseas operations through stable supply of high-quality aluminum cans manufactured by leading-edge technologies and quality management system built up by SAC over many years.

Outline of the joint corporation
Company name: Asia Can Manufacturing Co., Ltd.
Scope of business: Production and sale of aluminum cans
Construction site: Bang Pakong, Chachoengsao Province, the Kingdom of Thailand
Establishment: June 15, 2017
Capital: 700 million bahts
Shareholders: CBG (74%); SAC (24%); SDK (2%)

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:
Showa Denko K.K.  Public Relations Office, Tel: +81-3-5470-3235.


Source: Showa Denko K.K.

Showa Denko K.K. (TSE: 4004)

Topic: Press release summary
Sectors: Metals/Mining, Chemicals, Print/Package
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Multimedia
Completion ceremony
View Image
 
(left to right) Mr. Sathien Setthasit, Chairman of CBG and Mr. Hideo Ichikawa, Chairman of SDK
View Image
 

Showa Denko K.K. Releated News
May 14, 2019 11:30 HKT/SGT
昭和電工、アンチポリューション化粧品原料 イノシトール糖誘導体Moistol(R)を開発
May 9, 2019 15:04 HKT/SGT
昭和電工、カーボン事業部の欧州生産拠点での設備改善工事投資を決定
May 9, 2019 15:02 HKT/SGT
昭和電工、統合基幹業務システムに「SAP S/4HANA」を導入
May 9, 2019 15:00 HKT/SGT
昭和電工、2019年12月期第1四半期決算を発表
May 9, 2019 14:00 HKT/SGT
Showa Denko Announces 2019 First Quarter Financial Results
More news >>
Copyright © 2019 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 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8400