BEIJING, Apr 23, 2022 - (ACN Newswire via SEAPRWire.com) - Aluminum Corporation of China Limited (the "Company"; NYSE "ACH"; SEHK "2600"; SSE "601600") announces that the Company's annual report for the 2021 fiscal year filed with the SEC on April 22, 2022 can be accessed via the following link: http://www.chalco.com.cn/en/report/2021/202204/t20220421_93456.html A hard copy of the Company's complete annual report will be provided to any shareholder without charge upon written request to Aluminum Corporation of China Limited at No. 62 North Xizhimen Street, Haidian District, Beijing, PRC 100082. Background information: Aluminum Corporation of China Limited is a leading enterprise in non-ferrous metal industry in China. The scope of business of the Company primarily includes bauxite and coal mining, alumina refining, primary aluminum smelting, trading of alumina, primary aluminum, other non-ferrous metal products, coal products and raw and ancillary materials in bulk and power generation. The Company was established as a joint stock limited company incorporated in the People's Republic of China. The Company's American Depository Shares and H Shares are listed on the New York Stock Exchange, Inc. and the Stock Exchange of Hong Kong Limited, respectively. The Company's A Shares are listed on the Shanghai Stock Exchange. For further information, please visit http://www.chalco.com.cn Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Mar 24, 2022 - (ACN Newswire via SEAPRWire.com) - Vertical International Holdings Limited, stock code 8375.HK ("Vertical International" or "The Group") reported 2021 Annual Results for the year ended 31 December 2021. The Group's 2021 total revenue was HK$132.5 million, a rise of 37.6%, from approximately HK$96.3 million in 2020. Sales of the Group's self-manufactured aluminum electrolytic capacitor products increased substantially from approximately HK$78.2 million in 2020 to approximately HK$105.0 million in 2021. The 2021 gross profits grew by 53.3% or HK$8.1 million year on year to approximately HK$23.3 million. Vertical International derived its 2021 revenue mainly from sales of manufactured aluminum electrolytic capacitors and sales of trading electronic components. The growth of sales revenue was also attributable to the Group's business expansion with key and new customers and its aggressive pricing strategy to enlarge its market share. The Group will continue to carefully and extensively review the current situation about costs and resources deployment and will consider tightening its control over the operating costs effectively to maximize its profits.The Group Chairman and Chief Executive Officer Mr. Henry Boon said, "We achieved a solid financial performance in 2021 particularly growing sales volume in China - our largest customer market due to improved and recovered economy in China in favor of its successful multiple measures and reliefs in the context of the Covid-19 pandemic." Media enquiries: New Smile Limited Strategic IR & PR ConsultancyTel: +852 2126 7076Jenny Lai jenny.lai@newsmilehk.comJenny Cheung jenny.cheung@newsmilehk.comRichard Wong richard.wong@newsmilehk.comVertical International Holdings Limited, stock code 8375.HK ("Vertical International" or "The Group")Vertical International Holdings Limited is an investment holding company. The Company and its subsidiaries (collectively referred to as the "Group") are principally engaged in the manufacturing and trading of aluminum electrolytic capacitors and trading of electronic components. The production process developed by the in-house Research and Development (R&D) team utilizes its own patented production methods which were registered and granted by China Authorities to improve production efficiency and save costs. The parent company of the Group is headquartered in Hong Kong and its subsidiaries are located in Hong Kong, Dongguan and Shaoguan. Vertical International's manufactured aluminum electrolytic capacitor products are used in a variety of electronic products, including home appliances, audio-visual equipment, personal computers, automotive electronics, communication equipment and toys.Company website: www.verticaltech.com.cn/Eng Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Feb 14, 2022 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK; TSE:4004) today announced its 2021 consolidated financial results.- 2021 Consolidated Financial Statements and summaryhttps://www.sdk.co.jp/assets/files/english/ir/library/fss2021-4q.pdfAbout Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.For further information, contact:Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Dec 2, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE: 4004) has developed neural network models*1 to predict mechanical properties of 2000-series aluminum alloys*2 from their design conditions with high accuracy in collaboration with National Institute for Material Science (NIMS) and The University of Tokyo (UTokyo). The developed models enable us to accelerate the process to explore optimal compositions and heat-treatment conditions for aluminum alloys that can maintain strength at high temperatures and shorten development time for aluminum alloys to about half to one-third of that with conventional development method, which was not easy in the past.Aluminum has various applications because it is lighter than iron and easy to work. However, it is usually used as an aluminum alloy containing copper, magnesium and other additive elements because pure aluminum has low strength. The development of aluminum alloys that can maintain sufficient strength for a particular use at high temperatures is desired because conventional aluminum alloys lose strength when their temperature rises to 100 degrees Celsius or higher. However, the mechanical properties of aluminum alloys depend on many process factors, including many kinds of additive elements and heat-treatment conditions. Developing high-performance aluminum alloys usually takes time because designing aluminum alloys requires developers' knowledge-rich experience and repetition of analysis and evaluation.Aiming to solve these problems, SDK has been taking part in a project under Council for Science, Technology and Innovation (CSTI), Cross-ministerial Strategic Innovation Promotion Program (SIP), "Materials Integration" for Revolutionary Design System of Structural Materials. In this Development, SDK, NIMS, and UTokyo have collaboratively developed a computer system using neural networks, an artificial intelligence (AI) algorithm, to accelerate the development of materials and explore globally for aluminum-alloy designing conditions that realize optimal mechanical properties.In this development, we focused on 2000-series aluminum alloys, utilized design data of 410 records of aluminum alloys listed in public databases, including the Japan Aluminum Association, and developed neural network models that accurately predict the strength of aluminum alloys at various temperatures ranging from room temperature to high temperature. In addition, we optimized the architecture and parameters of the neural network with Bayesian inference*3 by applying the replica-exchange Monte Carlo Method*4. As a result, it became possible for us to evaluate aluminum alloy strength and its prediction uncertainty. Moreover, this neural network model can estimate the strengths of aluminum alloys under 10,000 different conditions within 2 seconds. Thus it became possible to evaluate aluminum alloys with various design factors comprehensively in a short time.Furthermore, we successfully developed "an inverse design tool," which suggests a set of aluminum-alloy design conditions that maximizes the probability of satisfying the desired strength at arbitrary temperature. Thus it enables us to design high-strength aluminum alloys at high temperatures above 200 degrees Celsius.In its "Long-term Vision for Newly Integrated Company," the Showa Denko Group has announced that it will continue committing itself to make the most of artificial intelligence and computational science, which is the core of its fundamental research activities. We will accelerate our material development programs by applying the results of this Development to our activities to develop various new materials, and provide our customers with solutions for their problems, thereby contributing to the prosperity of society.Detail of the results of this Development will be presented at the virtual session of the 2021 Materials Research Society*5 Fall Meeting, which will be held from December 6 to 8 in the United States and broadcasted to the world via the Internet.*1. Neural network model: Neural network model is a machine learning algorithm that imitates the human brain's neural network. A typical neural network model has input, hidden, and output layers. The existence of a hidden layer enables a neural network model to learn and estimate relationships between the input and output of complicated events. Statistical machine learning with neural network models with many hidden layers is called "deep learning."*2. 2000-series aluminum alloys: 2000-series aluminum alloys contain copper and magnesium as additive elements, and have high mechanical strength. Duralumin and super duralumin are well-known 2000-series aluminum alloys. 2000-series aluminum alloys are used as materials for the bodies of aircrafts and industrial parts (screws, gears and rivets, etc.).*3. Bayesian inference: Bayesian inference is a method of statistical inference that statistically infers causes from observed facts based on Bayes' theorem. In this Development, we constructed neural network models that reproduce correlation between design conditions and mechanical properties of aluminum alloys with Bayesian inference.*4. Replica-exchange Monte Carlo Method: Replica-exchange Monte Carlo Method is one of the computational methods to simulate Bayesian inference with a computer. It is known to converge to a global minimum solution faster than other methods when solving multimodal problems with many local minimum solutions. This enables us to explore a wide range of parameter space efficiently to find the optimal solution.*5. Materials Research Society: Materials Research Society is an academic society focusing on material science, established in the United Stated in 1973. It convenes general meetings twice a year, in spring and fall.About Showa Denko K.K.Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.Media contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Aug 10, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) today announced its 2021 2Q consolidated financial results.2021 Second Quarter Consolidated Financial Statements and Summary - https://www.sdk.co.jp/assets/files/english/ir/library/fss2021-2q.pdfAbout Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, visit www.sdk.co.jp/english/.Contact:Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Jul 29, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) decided to double Oyama Plant's capacity to produce aluminum heat radiators for power modules (PMs)[1] to be installed in electrified vehicles (xEVs) including battery electric vehicles, hybrid vehicles and plug-in hybrid vehicles, in order to respond to an increase in demand for aluminum heat radiators for PMs. SDK has started installation of the additional production line whose start-up of operation is scheduled to be at the beginning of 2022.Aluminum heat radiator for PMPMs are important parts of xEVs and contribute to the improvement in the performance of xEVs. For example, PMs contribute to extension of cruising range and improvement in fuel economy of cars. PMs are usually installed into limited spaces of xEVs. Therefore, heat radiators for PMs must be small, be designed to allow various installation methods, and have high energy efficiency and large heat dissipation capacity.Aluminum heat radiators for PMs produced by SDK adopt direct vacuum brazing[2] between insulated substrates and other parts including aluminum fins produced by SDK. Therefore, SDK's aluminum heat radiators for PMs are small, have large heat dissipation capacity, and allow free design of coolant pipes, thereby having a multiplicity of uses. SDK started to produce aluminum heat radiators for PMs in 2019. SDK's aluminum heat radiators are put into PMs by a large PM manufacturer in Japan, and those PMs are installed in xEVs assembled by various car manufacturers operating in Japan and other Asian countries.Backed by the global movement toward realization of carbon neutral society, the automobile industry is accelerating its shift toward xEVs. Therefore, the market for aluminum heat radiators for PMs is expected to expand further. SDK will develop and produce smaller high-performance aluminum heat radiators for PMs on the basis of its long-time fostered aluminum-alloy design technology, aluminum processing technology and power-module evaluation technology, and provide customers with solutions for their problems, thereby expanding its aluminum specialty components business.[1] Power module (PM) is a part of electronic device. It consists of several power semiconductor chips, and supplies electronic power to an electronic device. PM with good efficiency improves xEVs' performance.[2] Vacuum brazing joints parts without melting basic materials. Vacuum brazing is suitable for jointing of precision parts because inside of the furnace is vacuum and fine control of inside temperature is possible.About Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.Media contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, May 26, 2021 - (JCN Newswire via SEAPRWire.com) - As stated in "the Announcement of Execution of Master Agreement regarding Series of Transactions to Effect, among other matters, the Succession of the Aluminum Can and Aluminum Rolling Businesses through Company Splits (Simplified Absorption-Type Company Splits), and Result in Certain Consolidated Subsidiary Ceasing to be a Consolidated Subsidiary of Showa Denko K.K.", dated January 28, 2021, the Company originally planned to succeed the aluminum can business of the Company to Showa Aluminum Can Corp., which is a wholly owned consolidated subsidiary of the Company, effective on June 1, 2021. However, the Board of Directors, at a meeting also held today, passed a resolution to change the effective date of the company split. The Company also decided to change the signing date, June 24, 2021, of the succession of the aluminum rolling business to Showa Denko Sakai Aluminum Corp., which is a wholly owned non-consolidated subsidiary of the Company.1. Details of the change of dateBased on the article 6 of the company split agreement (aluminum can business), the effective date of the company split (aluminum can business), after consultation between the Company and the Successor Company, will be changed from June 1, 2021 to June 24, 2021.The signing date of the company split agreement of the aluminum rolling business will be changed to June 25, 2021.2. Reason for the changeThe administrative procedures for the corporate splits will take more time than expected.3. Schedule - Date of the decision to approve change in effective date by the Board of Directors (aluminum can business): May 26, 2021- Date of the conclusion of agreement on change of effective date (aluminum can business): May 27, 2021 (Expected)- Company Split Effective Date (aluminum can business): June 24, 2021 (Expected)- Company Split Agreement Execution Date (aluminum rolling business): June 25, 2021 (Expected)- Company Split Effective Date (aluminum rolling business): August 2, 2021 (Expected)4. Projected impact on financial resultsThe change in the effective date of the company split (aluminum can business) is expected to have no significant impact on the Company's consolidated financial results since the Successor Company is a consolidated subsidiary. About Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.Media contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, May 13, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) today announced its 2021 first quarter financial results.- 2021 First Quarter Consolidated Financial Statements and Summaryhttps://www.sdk.co.jp/assets/files/english/ir/library/fss2021-1q.pdfAbout Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.Media contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Apr 27, 2021 - (ACN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) has started full-scale marketing of ST60-HSM aluminum alloy board[1], which has high heat conductivity and high strength, for use as on-board bus bar[2]. In 2021, SDK started to provide several automotive parts manufacturers with samples of ST60-HSM aluminum-alloy boards to be used as on-board bus bars.ST60-HSM developed by SDK is an aluminum alloy board that has high heat conductivity equivalent to that of pure aluminum and high strength equivalent to that of 6061 aluminum alloy[3], and is used as chassis of backlit LCDs for PCs.Due to the global movement towards carbon neutrality, the auto industry is accelerating its shift to electric vehicles including hybrid, plug-in hybrid and EVs. In addition, the industry promotes unit weight reduction in order to improve fuel efficiency and increase travelable distance. The industry is aggressively shifting from copper- to aluminum-alloy-based equipment for various components including wiring harnesses and bus bars.SDK's ST60-HSM is an aluminum alloy board that has high heat conductivity, high strength and high electric conductivity, and also has high fatigue strength and high heat-resisting property that are required for on-board bus bar. Aluminum bus bar made of ST60-HSM is 43% lighter than conventional copper bus bar[4], and also contributes to cost reduction because the new aluminum bus bar is priced lower than conventional copper bus bar.On the basis of technologies to design and process aluminum alloys cultivated through operation of many years, SDK will aim to maximize the value of customers' experience by providing solutions for them, thereby expanding the Showa Denko Group's aluminum rolled products business.[1] ST60-HSM(TM): ST60 is an aluminum alloy board developed by SDK in 2001, and has as much heat conductivity as pure aluminum and as much strength as 5052 aluminum alloy, which is a typical structural material. ST60-HSM has relatively high strength and plasticity among ST60 series aluminum alloy, has as much tensile strength as 6061 aluminum alloy, and is used for internal chassis of smartphones and tablets and metal base of their cases. HSM is ab abbreviation of High Strength Metal.[2] Bus bar: Bus bar is used to conduct electricity, and many bus bars are made of copper. A bus bar can conduct more electric current than electric wire. Thus bus bar is used to conduct large current.[3] 6061 aluminum alloy: 6000 aluminum alloy series consists of aluminum as base material, and magnesium and silicon as additives. It has high strength, corrosion resistance and is easy to be cut. Therefore it is used as structural material. 6061 aluminum alloy includes copper and other additives to have more strength. Furthermore, 6061 aluminum alloy acquires more strength through solution treatment, hardening process and aging process.[4] This amount of weight reduction is calculated on the basis that specific gravity of aluminum is 2.7 and that of copper is 8.9, while electric conductivity of aluminum is 54 and that of copper is 102.About Showa Denko K.K.Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us at www.sdk.co.jp/english/.Media contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235 Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Apr 27, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) has started full-scale marketing of ST60-HSM aluminum alloy board[1], which has high heat conductivity and high strength, for use as on-board bus bar[2]. In 2021, SDK started to provide several automotive parts manufacturers with samples of ST60-HSM aluminum-alloy boards to be used as on-board bus bars.ST60-HSM developed by SDK is an aluminum alloy board that has high heat conductivity equivalent to that of pure aluminum and high strength equivalent to that of 6061 aluminum alloy[3], and is used as chassis of backlit LCDs for PCs.Due to the global movement towards carbon neutrality, the auto industry is accelerating its shift to electric vehicles including hybrid, plug-in hybrid and EVs. In addition, the industry promotes unit weight reduction in order to improve fuel efficiency and increase travelable distance. The industry is aggressively shifting from copper- to aluminum-alloy-based equipment for various components including wiring harnesses and bus bars.SDK's ST60-HSM is an aluminum alloy board that has high heat conductivity, high strength and high electric conductivity, and also has high fatigue strength and high heat-resisting property that are required for on-board bus bar. Aluminum bus bar made of ST60-HSM is 43% lighter than conventional copper bus bar[4], and also contributes to cost reduction because the new aluminum bus bar is priced lower than conventional copper bus bar.On the basis of technologies to design and process aluminum alloys cultivated through operation of many years, SDK will aim to maximize the value of customers' experience by providing solutions for them, thereby expanding the Showa Denko Group's aluminum rolled products business.[1] ST60-HSM(TM): ST60 is an aluminum alloy board developed by SDK in 2001, and has as much heat conductivity as pure aluminum and as much strength as 5052 aluminum alloy, which is a typical structural material. ST60-HSM has relatively high strength and plasticity among ST60 series aluminum alloy, has as much tensile strength as 6061 aluminum alloy, and is used for internal chassis of smartphones and tablets and metal base of their cases. HSM is ab abbreviation of High Strength Metal.[2] Bus bar: Bus bar is used to conduct electricity, and many bus bars are made of copper. A bus bar can conduct more electric current than electric wire. Thus bus bar is used to conduct large current.[3] 6061 aluminum alloy: 6000 aluminum alloy series consists of aluminum as base material, and magnesium and silicon as additives. It has high strength, corrosion resistance and is easy to be cut. Therefore it is used as structural material. 6061 aluminum alloy includes copper and other additives to have more strength. Furthermore, 6061 aluminum alloy acquires more strength through solution treatment, hardening process and aging process.[4] This amount of weight reduction is calculated on the basis that specific gravity of aluminum is 2.7 and that of copper is 8.9, while electric conductivity of aluminum is 54 and that of copper is 102.About Showa Denko K.K.Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us at www.sdk.co.jp/english/.Media contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
BEIJING, Apr 23, 2021 - (ACN Newswire via SEAPRWire.com) - Aluminum Corporation of China Limited (the "Company"; NYSE "ACH"; SEHK "2600"; SSE "601600") announces that the Company's annual report for the 2020 fiscal year filed with the SEC on April 22, 2021 can be accessed via the following link: http://www.chalco.com.cn/en/report/2020/202104/t20210421_79276.htmlA paper copy of the Company's complete annual report will be provided to any shareholder without charge upon written request to Aluminum Corporation of China Limited at No. 62 North Xizhimen Street, Haidian District, Beijing, PRC 100082.Background information:Aluminum Corporation of China Limited is a leading enterprise in non-ferrous metal industry in China. The scope of business of the Company primarily includes bauxite and coal mining, alumina refining, primary aluminum smelting, trading of alumina, primary aluminum, other non-ferrous metal products, coal products and raw and ancillary materials in bulk and power generation. The Company was established as a joint stock limited company incorporated in the People's Republic of China. The Company's American Depository Shares and H Shares are listed on the New York Stock Exchange, Inc. and the Stock Exchange of Hong Kong Limited respectively. The Company's A Shares are listed on the Shanghai Stock Exchange. For further queries, please visit http://www.chalco.com.cn Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Apr 2, 2021 - (JCN Newswire via SEAPRWire.com) - Kohei Morikawa, President and CEO of Showa Denko K.K. (SDK; TSE:4004), sent a message to welcome the company's newly-hired employees at the entrance ceremony 2021.Kohei Morikawa, President and CEO- Changing society through the power of chemistry -The Showa Denko Group has taken a new step in integrating the former Hitachi Chemical (currently Showa Denko Materials) as a member. It's a transformative, once-in-a-century change. In our long-term vision announced last December, we stated that our mission as a newly integrated company was to improve society with the power of chemistry. To achieve this, we are aiming to become a company that competes in the global market, evolving as an advanced materials partner to create functions required of the times and contributing to sustainable development in a global society. 2021 is the year in which we embark on this road together.- Transforming changes into evolution -I would like to convey the following points to the new employees welcomed today.1. ThinkAs new employees, you will be aware of yourselves and what the company needs. But you should also be aware of what the world needs, and what should be. This is called 'backcasting', thinking from a viewpoint of what's missing. Unlike schoolwork, there are often several right answers, and those right answers change with the times. Keep an open perspective, stay up to date with your information, and don't lose your sensitivity.2. AchievePut the goals you have set for yourselves into words, then be sure to achieve them. Saying what you want to do prepares you to take responsibility. I want you to tackle your work with determination and responsibility, even when difficulties arise. This 'unyielding' spirit is in Showa Denko's DNA.3. ExperienceEnjoy experiencing great change. In line with the SDK's long-term vision, I want you to share our ambition to become a world-class leader and chemical manufacturer. We have the ticket to achieve this ambition. It is up to each and every one of you to turn change into evolution.About Showa Denko K.K.Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us at www.sdk.co.jp/english/.Media contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Feb 17, 2021 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) today announced its 2020 Consolidated Financial Results.- 2020 Consolidated Financial Statements and summaryhttps://www.sdk.co.jp/assets/files/english/ir/library/fss2020-4q.pdfAbout Showa Denko K.K.Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us at www.sdk.co.jp/english/.For further information, contact:Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323 Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com
TOKYO, Jan 28, 2021 - (JCN Newswire) - This is to announce that the Company has decided to execute a master agreement (hereinafter referred to as the "Master Agreement") with a special-purpose company formed by funds managed by affiliates of Apollo Global Management, Inc. (collectively, hereinafter referred to as "Apollo"), regarding a series of transactions, including the succession of the aluminum can business of the Company to Showa Aluminum Can Corp., which is a wholly owned consolidated subsidiary of the Company (hereinafter referred to as "Showa Aluminum Can"), and the succession of the aluminum rolling business to Showa Denko Sakai Aluminum Corp., which is a wholly owned non-consolidated subsidiary of the Company (hereinafter referred to as "Showa Denko Sakai Aluminum"), by company splits (absorption-type company split), with tentative effective dates of June 1 2021 and August 2 2021, respectively. Following the completion of the series of transactions under the Master Agreement, Showa Aluminum Can is expected to no longer be consolidated subsidiary of the Company, and be succeeded by Apollo as an independent company.It should be noted that because the company splits will be a simplified absorption-type company splits (kani kyushu-bunkatsu) between the Company and its wholly owned subsidiaries, some disclosure items and details have been omitted from this press release.1. Objectives of the Company Splits and the Series of TransactionsThe aluminum can business of the Company has provided high quality aluminum cans for beverages through an integrated process extending from the molding of can bodies and lids to printing, Showa Aluminum Can, which is a consolidated subsidiary of the Company, started to manufacture aluminum cans for beverages in 1971, becoming the first company in Japan to do so. In 2014, the Company acquired shares of Hanacans Joint Stock Company in Vietnam, and has been developing its business in the rapidly growing Vietnamese aluminum can market.In the domestic aluminum can market, although demand for alcoholic beverage cans has been stable with increasing demand for non-beer alcoholic beverages, there has been a significant decrease in demand for non-alcoholic beverage cans due to their replacement with PET bottles. It is expected that the business environment will continue to be challenging in the future. In order to respond to such changes in the domestic market, the Company has been working to strengthen its domestic business base, including by optimizing production capacity at its domestic production bases in June 2020.On the other hand, the Vietnamese aluminum can market is expected to see continued strong demand for beverage consumption in the future as well, and the Company, in July 2020, completed its third manufacturing facility in Vietnam, and has established a three-base system covering all of northern, central, and southern Vietnam.In the future, the Company is planning further growth by actively exploring opportunities to expand its business around the world, including in Vietnam, while promoting and strengthening its business foundation and aiming to stabilize profits in Japan.The aluminum rolling business of the Company commenced operations as Takada Aluminum Instrument Factory in 1933, later had its name changed to Showa Aluminum Corp., and then became the Sakai office of the Company in 2001. At present, the Company produces high purity aluminum foil for aluminum electrolytic capacitors, as well as aluminum plates that are used for building materials as well as cap and printed base materials.The high purity aluminum foil produced by the Company has strength in high-end products with high capacity and high strength, and the Company has the number one market share of sales in the global high purity aluminum foil for aluminum electrolytic capacitor market. In 2013, the Company established Showa Denko Aluminum (Nantong) Co., Ltd. in Nantong, China, and has built a manufacturing and sales system of stable supply of high quality, high purity aluminum foil for the rapidly growing Chinese market.Aluminum electrolytic capacitors are widely used in a range of fields from home appliances to IT equipment, electric vehicles and hybrid vehicles, as well as in the new energy sector, and demand is expected to grow, particularly in the environmental and energy sectors. As the market is expected to grow in the medium to long term in China in particular, the Company shall continue to further improve profitability by maintaining its technological superiority and strengthening its cost competitiveness.As set forth in the Long-term Vision for Newly Integrated Company published on December 10, 2020, the Company is aiming to become a world-class functional chemical manufacturer by combining the materials and know-how of the group in such pioneering fields as semiconductors and automobiles.In light of the rapidly changing business environment, the Company has been examining the optimal allocation of management resources and portfolio management to realize sustainable growth. After careful consideration of all available options, the Company reached the conclusion that the expansion of the aluminum can business and the aluminum rolling business would be best achieved through business partners that have specialized knowledge and management resources to enable future growth of these businesses together with the employees engaged in the respective business. Taking these factors into consideration, the Company decided to execute the transactions set forth in the Master Agreement with Apollo, which is one of the world's leading alternative investment managers and has a wealth of experience supporting aluminum-related industries for more than 20 years.The Company is confident that the active and strategic support based on Apollo's management resources, the aluminum can business and aluminum rolling business will be well positioned to execute its business strategies in a flexible and bold manner as independent companies to further growth and improve competitiveness.2. Details of the Company Split and Series of Transactions(1) Schedule for the Company Split and Series of Transactions- Master Agreement Execution Date: January 28, 2021- Absorption Split Agreement Execution Date (aluminum can business): April 21, 2021 (Expected)- Absorption Split Agreement Execution Date (aluminum rolling business): June 24, 2021 (Expected)- Absorption Split Effective Date (aluminum cans business) June 1, 2021 (Expected)- Absorption Split Effective Date (aluminum rolling business) August 2, 2021 (Expected)(Note) As the Company Split corresponds to a simplified company split (kani kyushu-bunkatsu) under Article 784 Paragraph 2 of the Companies Act, it is planned to be performed without the passing of a resolution at a general shareholders' meeting of the Company.(2) Company Split MethodThe Company shall be the splitting company, and Showa Aluminum Can and Showa Denko Sakai Aluminum shall be the respective succeeding companies of the split.(3) Details on Allocations Relating to the Company SplitAt the time of the Company Split, no shares shall be allocated, and no other consideration shall be provided.(4) Handling of Stock Acquisition Rights and Corporate Bonds with Stock Acquisition Rights in Conjunction with the Company SplitNot applicable.(5) Capital Increase or Decrease Due to the Company SplitThe capital of the Company shall not be changed by the Company Split.(6) Rights and Obligations to be Succeeded by the Succeeding CompaniesThe assets, liabilities, contractual positions, and other rights and obligations relating to the aluminum can business of the Company (limited to those prescribed in the absorption-type split agreement) shall be succeeded by Showa Aluminum Can, and the assets, liabilities, contractual positions, and other rights and obligations relating to the aluminum rolling business of the Company (limited to those prescribed in the absorption-type split agreement) shall be succeeded by Showa Denko Sakai Aluminum.(7) Prospect of Fulfillment of DebtsIt has been determined that there will be no issues in the prospect of the payment of debts of Showa Aluminum Can and Showa Denko Sakai Aluminum after the Company Split.3. Overview of the Parties to the Company Split (aluminum can business) (Current as of January 28, 2021)Split Company / Successor Company(1) Name: Showa Denko Corp. / Showa Aluminum Can Corp.(2) Address: 13-9, Shiba Daimon 1-Chome, Minato-ku, Tokyo / 7th floor, Win Gotanda Building, 30-2, Nishi-Gotanda 1-Chome, Shinagawaku, Tokyo(3) Position and Name of Representative: Representative Director and President Kohei Morikawa / Representative Director and President: Yasushi Tashiro(4) Business descriptions: Manufacture and sale of petrochemicals, gas products, special chemicals, electronic and information-related products, inorganic products, and aluminum products, etc. / Manufacturer of aluminum cans, etc., in Japan, Vietnam, and Thailand(5) Capital: 140,564 million yen / 2,160 million yen(6) Date of establishment: June 1, 1939 / April 25, 1969(7) Number of Issued Shares: 1,497,112,926 shares / 216,000 shares(8) Fiscal year-end: December 31 / December 31(9) Major shareholders and shareholding ratio: The Master Trust Bank of Japan, Ltd (account in trust) 7.24%, Korea Securities Depository Samsung 4.80%, Japan Trustee Services Bank, Ltd. (account in trust) (Custody Bank of Japan, Ltd., at present) 3.51%, Fukoku Mutual Life Insurance Company 3.09%, Japan Trustee Services Bank, Ltd. (account 7 in trust) 2.21% / Showa Denko Corp. 100%(10) Net assets: 519,433 million yen / 4,718 million yen(11) Total assets: 1,076,381 million yen / 35,579 million yen(12) Net Assets per Share: 3,423.25 yen / 21,837.96 yen(13) Sales: 906,454 million yen / 36,487 million yen(14) Operating income: 120,798 million yen / 1,253 million yen(15) Ordinary income: 119,293 million yen / 1,264 million yen(16) Net Income this Period Attributable to Parent Company: 73,088 million yen / -415 million yen(17) Per Share this Period Net Income: 501.03 yen / -1,921.30 yenIn regard to (9), Showa Denko Corp. is current as of June 30, 2020.In regard to (10) to (17), the financial results of Showa Denko Corp. and Showa Aluminum Can are forthe fiscal year ending December 2019.4. Overview of the Parties to the Company Split (aluminum rolling business) (Current as of January 28, 2021)Split Company / Successor Company(1) Name: Showa Denko Corp. / Showa Denko Sakai Aluminum Corp.(2) Address: 13-9, Shiba Daimon 1-Chome, Minato-ku, Tokyo / 224, Umiyama-cho 6-Cho, Sakai-ku, Sakai-shi, Osaka(3) Position and Name of Representative: Representative Director and President Kohei Morikawa / Representative Director and President Takahiro Hosoi(4) Business descriptions: Manufacture and sale of petrochemicals, gas products, special chemicals, electronic and information-related products, inorganic products, and aluminum products, etc. / The production and processing of bare metal, cast products, rolled products, and foil made from light alloys such as aluminum(5) Capital: 140,564 million yen / 13 million yen(6) Date of establishment: June 1, 1939 / January 16, 1973(7) Number of Issued Shares: 1,497,112,926 shares / 25,200 shares(8) Fiscal year-end: December 31 / December 31(9) Major shareholders and shareholding ratio: The Master Trust Bank of Japan, Ltd (account in trust) 7.24%, Korea Securities Depository Samsung 4.80%, Japan Trustee Services Bank, Ltd. (account in trust) (Custody Bank of Japan, Ltd., at present) 3.51%, Fukoku Mutual Life Insurance Company 3.09%, Japan Trustee Services Bank, Ltd. (account 7 in trust) 2.21% / Showa Denko Corp. 100%(10) Net assets: 519,433 million yen / 26 million yen(11) Total assets: 1,076,381 million yen / 934 million yen(12) Net Assets per Share: 3,423.25 yen / 1,047.62 yen(13) Sales: 906,454 million yen / 3,242 million yen(14) Operating income: 120,798 million yen / 2 million yen(15) Ordinary income: 119,293 million yen / 4 million yen(16) Net Income this Period Attributable to Parent Company: 73,088 million yen / 2 million yen(17) Per Share this Period Net Income: 501.03 yen / 76.63 yenIn regard to (9), Showa Denko Corp. is current as of June 30, 2020.In regard to (10) to (17), the financial results of Showa Denko Corp. and Showa Denko Sakai Aluminum are for the fiscal year ending December 2019.5. Overview of Department to be Split(1) Description of Business of Department to be Splitaluminum can business: The manufacture and sale of aluminum cans, etc., for beverages of the Companyaluminum rolling business: The manufacture and sale of high purity aluminum foil, etc., mainly to be used for electrolytic capacitors of the Company(2) Business Performance of Department to be Split (Sales Period Ending December 2019)aluminum cans business: 37,638 million yenaluminum rolling business: 17,791 million yen(3) Items and Amounts of Assets and Liabilities Subject to Split (Current as of September 30, 2020)aluminum cans businessAssets LiabilitiesCurrent Assets: 12,371 million yenFixed Assets: 15 million yenTotal: 12,386 million yenLiabilitiesCurrent Liabilities: 4,922 million yenFixed Liabilities: -Total: 4,922 million yenaluminum rolling businessAssetsCurrent Assets: 6,033 million yenFixed Assets: 16,190 million yenTotal: 22,223 million yenLiabilitiesCurrent Liabilities: 1,294 million yenFixed Liabilities: 53 million yenTotal: 1,347 million yenNote: The above amounts for both businesses are calculated based on the balance sheet as of September 30, 2020. The actual amount of the assets and liabilities to be succeeded may vary from the amounts stated above after reflecting any increase or decrease of the assets occurring prior to the effective date of the Company Splits.6. Status of Listed Company and Absorption-Type Split Successor Company after the SplitThere shall be no change to the trade name, headquarters address, representative, business content, amount of stated capital, or fiscal year of the Company in conjunction with the Company Split.7. Future OutlookThe impact on the performance of the Company as a result of the company split and series of transactions shall be minor.The forecast of business performance for the period ending December 2021 including the impact of the series of these transactions is scheduled to be released in the announcement of the Company full-year financial statements in December 2020 which is expected on mid-February 2021.Note: Overview of Apollo Global Management Inc.Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $433 billion as of September 30, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit its website at www.apollo.com.Full press release: www.sdk.co.jp/assets/files/english/news/2021/20210128_sdknewsrelease_e.pdfAbout Showa Denko K.K.Showa Denko K.K. (SDK; TOKYO:4004, ADR:SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us at www.sdk.co.jp/english/.For further information, contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com
TOKYO, Jan 14, 2021 - (JCN Newswire) - Showa Denko K.K. (SDK; TOKYO:4004) will increase its capacity to produce aluminum substrate for HD media through consolidated subsidiary Showa Denko HD Yamagata K.K. (SHDY), raising the group's production capacity by 30% and thereby strengthening its hard disk (HD) business.SDK's policy decision to increase supply capacity and diversify and strengthen its supply chain has been qualified by the Ministry of Economy, Trade and Industry (METI) as eligible for subsidy under the government's "Program for Promoting Investment to Strengthen Supply Chains in Japan ".With the launch of 5th generation mobile communication (5G) service, the spread of the Internet of Things (IoT), the penetration of telework, and the development and expansion of digital transformation, the volume of data communication is expected to continue to increase dramatically. As a result, the demand for hard disk drives (HDDs) for data centres has been growing significantly. As most of our supply capacity is concentrated in Malaysia, it is necessary to secure a more stable supply chain against the spread of the new coronavirus worldwide.In order to solve this problem, we have decided to expand our aluminum substrate production capacity at SHDY, our domestic base, in order to increase our supply capacity and to further diversify and strengthen our supply chain. Construction of the new facility will begin in February 2021, with mass production scheduled to commence in early 2022.The Group's vision is to become a KOSEIHA company (an alliance of KOSEIHA businesses that can maintain a high level of profitability and stability over time), and the HD business is one of our KOSEIHA businesses. As the world's largest external HD media manufacturer, we will continue to support an ever-expanding and evolving digital society and expand our business by rapidly introducing world-class products to the market under the motto of "Best in Class". About Showa Denko K.K.Showa Denko K.K. (SDK; TOKYO:4004, ADR:SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Petrochemicals provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us: www.sdk.co.jp/english/.For further information, contact:Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235 Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com
TOKYO, Nov 5, 2020 - (JCN Newswire) - Showa Denko K.K. (SDK; TSE:4004) today announced its 2020 third quarter financial results. - 2020 Third Quarter Consolidated Financial Statements and summaryhttps://www.sdk.co.jp/assets/files/english/ir/library/fss2020-3q.pdfAbout Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com