Showa Denko acquires major stake in Sinosteel Sichuan Carbon

Showa Denko acquires major stake in Sinosteel Sichuan Carbon

11:57 AM, 16th April 2012
Showa Denko acquires major stake in Sinosteel Sichuan Carbon

TOKYO, JAPAN: Showa Denko KK (SDK) has signed an agreement with Sinosteel Corporation, China to acquire 67 per cent of shares in Sinosteel’s wholly owned subsidiary Sinosteel Sichuan Carbon, an integrated manufacturer of graphite electrodes. Sichuan Carbon will become SDK’s subsidiary subject to ratification by related government organizations. SDK will introduce its technology into Sichuan Carbon to improve product quality, and expand its graphite electrode operations in China and other Asian countries.

Sichuan Carbon is operating a 22,000 tonne per year graphite electrode plant, and selling the product in the Chinese market. When this facility is added to the existing facilities, the 60,000 tonne per year plant in Omachi, Nagano Prefecture, Japan, and the 45,000 tonne per year plant of Showa Denko Carbon located in South Carolina, US, the Showa Denko Group’s total production capacity will reach 127,000 tonne per year.

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