Lotte Chemical has invested 161.7 billion won ($132 million) to acquire a 4.46% stake in Japanese chemical company Showa Denko, according to a Business Korea report. The move is seen as reflecting Lotte Group chairman Shin Dong-bin’s intention to take over Japanese chemical companies with strong technologies. Lotte Chemical bought Showa Denko shares in March … Read more
Showa Denko announced its plan to close a production site in Meitingen, Germany, for which the company started labor-management consultations. The site is a part of consolidated subsidiaries SDK Carbon Products Germany GmbH & Co. KG and SDK Carbon Germany GmbH. The Meitingen site is currently producing connecting pins for graphite electrodes. Once closed, Showa … Read more
Showa Denko K.K. (SDK) has decided to terminate operation of its production lines to synthesize unsaturated polyester resin (UP) and vinyl ester resin (VE) at Isesaki Plant by the end of June 2021. The company will concentrate domestic production of UP and VE at Tatsuno Plant in order to improve profitability of its UP and … Read more
Hitachi Ltd said on Wednesday it would sell its listed chemicals business to electronic materials maker Showa Denko as the Japanese industrial conglomerate overhauls its business portfolio. Hitachi will sell its 51% stake in Hitachi Chemical for 494 billion yen ($4.51 billion) to Showa Denko. Hitachi Chemical is a supplier of materials for semiconductors, displays … Read more
Showa Denko has decided to acquire all shares in ILAG Industrielack AG, which leads the ILAG Group (ILAG), a specialty non-stick coating chemicals manufacturing company headquartered in Wangen, Switzerland, and signed a stock purchase and sale agreement with the current owners, a coalition of investors led by Helvetica Capital AG, a Swiss-based private equity firm. … Read more