Showa Denko K.K. Announces Partial Amendment to Changes in Representative Director and Other Members of Management
February 13, 2020 at 01:00 am EST
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Showa Denko K.K. announced a partial amendment to its earlier news release entitled "Changes in Representative Director and Other Members of Management" issued at 3 p.m., November 29, 2019. While it was announced earlier that Kozo Isshiki would resign as Outside Director and be appointed as Outside Member of Audit & Supervisory Board at the General Meeting of Shareholders in late March 2020, it has been decided that he will remain Outside Director. It was also announced earlier that Kiyomi Saito would resign as Outside Member of Audit & Supervisory Board and be appointed as Outside Director at the same General Meeting of Shareholders, but it has been decided that she will remain Outside Member of Audit & Supervisory Board.
Resonac Holding Corporation (formerly Showa Denko KK) is a holding company organized around 7 family of products:
- materials (43.8% of net sales): electronics materials (epoxy molding compounds, die bonding materials, CMP slurries, anisotropic conductive films), printed wiring board materials (copper-clad laminates, photosensitive dry films), mobility components (plastic molded products, friction materials, powder metal products, carbon anode materials for LIBs), energy storage devices and systems (automotive and industrial batteries), and life sciences (diagnostics, contracted manufacturing of regenerative medicine products);
- petrochemical products (19.6%): olefins (polyethylene, polypropylene) and organic chemical products (vinyl acetate monomer, ethyl acetate and plastics);
- chemical products (12.9%): caustic soda, chlorine, liquid ammonia, amino acids, polymers, gas (oxygen, nitrogen, hydrogen), etc.;
- electronic components (8.3%): hard disks, semiconductors components, magnetic components, etc.;
- inorganic products (7.1%): ceramics and carbons (graphite electrodes);
- aluminum products (5.3%): aluminum foils, extruded products, forged products, cans, etc.;
- other (3%).
Net sales break down geographically as follows: Japan (53.4%), China (12%), Asia (20.6%) and other (14%).