MOSCOW (MRC) -- Showa Denko has established a wholly-owned subsidiary, "Showa Chemicals of America Inc." (SCA), in Austin, Texas, aiming to strengthen its sale of high-purity gases for electronics in the U.S., said the company in its press-release.
American semiconductor manufacturers have 15-percent share of the global semiconductor production capacity, and are expected to grow further. Moreover, a lot of major semiconductor manufacturers and semiconductor-processing-device manufacturers have headquarters in the United States and are developing state-of-the-art technologies there. Thus the U.S. market is very important for SDK in formulating effective marketing strategy to promote high-purity gases for electronics.
Until now, SDK has been marketing high-purity gases through Showa Denko America, Inc., which is SDK's wholly-owned subsidiary headquartered in New York. This time, SDK established SCA in order to further expand its high-purity gas business in the U.S., strengthen relationship between SDK and major semiconductor manufacturers in the U.S., and gather information about state-of-the-art semiconductor-processing technologies. SCA is scheduled to start its operation in October 2017.
SDK is the only manufacturer of high-purity gases in the world that provides full product lineup including ammoniated gases, chlorinated/brominated gases, and fluorinated gases. SDK sells various high-purity gas products in many areas where manufacturers of semiconductors and display panels are located. SCA will function as the Showa Denko Group's base in the U.S. to promote marketing, sale and distribution of high-purity gas products.
In its ongoing medium-term business plan "Project 2020+," SDK positions its business to produce and sell high-purity gases for electronics as "Growth-accelerating" business. We will position SCA as the central base of our electronic chemicals business in the U.S. and aim to expand that business further.
As MRC informed earlier, Showa Denko K.K., JX Nippon Oil & Energy Corp. (JX), and LyondellBasell Group have reached final agreement concerning the sale and purchase of LyondellBasell’s shares in SunAllomer Ltd. (SunAllomer), a joint venture (JV) company among the three parties for the development, production and sale of polypropylene (PP) and PP-based advanced materials.
Showa Denko K.K. is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial and high-performance gases and chemicals and high-purity gases and chemicals for the semiconductor industry, and the Inorganics Sector provides ceramics products such as alumina, abrasive, refractory and graphite electrodes and fine carbon products.
MRC