MOSCOW (MRC) -- Showa Denko (SDK) said on Wednesday that its Chinese subsidiary Shanghai Showa Chemicals has set up a new high-purity gas branch in Shaanxi province, said Chemweek.
The branch in Xi’an started operations in December. It is Showa Denko's third business base in China that will sell and distribute high-purity gas for electronics, following those in Shanghai and Wuhan. The new branch aims to upgrade their customer service and strengthen their system to ensure stable supply of high-purity gases, it said.
The business has been growing rapidly thanks to robust demand in China. “The demand for semiconductors has been increasing due to the spread of the 5G five generation and cloud computing services, and increase in the amount of communicated data resulting from the rise in distribution of movie contents,” Showa Denko said.
“The Chinese market for semiconductors has been expanding very rapidly due to the Chinese government's policy to nurture the electronics industry,” it added.
As MRC informed earlier, Japanese firm Hitachi Chemical Company changed name to Showa Denko Materials on 1 October this year.
As MRC informed earlier, Showa Denko (SDK) expanded production lines to produce vinyl ester resin (VE) and synthetic resin emulsion (EM) in the premises of Shanghai Showa Highpolymer Co., Ltd. (SSHP), a Chinese subsidiary of SDK, and has increased production of VE and EM there, aiming to expand the Showa Denko Group’s functional resin business in China.
According to MRC's ScanPlast report, October total production of unmixed PVC grew to 86,600 tonnes from 86,000 tonnes a month earlier, SayanskKhimPlast and Bashkir Soda Company increased their capacity utilisation. Overall output of polymer was 805,100 tonnes in the first ten months of 2020, which virtually corresponds to the last year's figure. Two producers increased their production, whereas two other manufacturers reduced their output.
Showa Denko K.K. Mainly engaged in the petrochemical business. The company's petrochemical division produces and markets industrial gases, olefins, organic chemicals, and others.
Hitachi Chemical is a consolidated subsidiary of Showa Denko and is involved in the manufacturing, processing and sales of functional materials and advanced components and systems.
MRC