Hitachi Chemical Co., Ltd.

Company Profile

■URL

http://www.hitachi-chem.co.jp/english/index.html

■Address

Grantokyo South Tower, 1-9-2, Marunouchi, Chiyoda-ku, Tokyo, 100-6606, Japan

Business Overview

-A Hitachi Group Company producing and selling functional materials and components. It conducts its business in two operating segments: Functional Materials; and Advanced Components and Systems.

  • Functional Materials: produces and sells electronic materials, inorganic materials, polymer science materials, printed wiring board materials
  • Advanced Components and Systems: produces and sells automotive components, energy storage devices and systems, and electronic components

-Major products for the automotive industry include molded plastic parts, friction materials, powder metallurgy products, and batteries. In recent years, the Company has developed and released products like back door modules, batteries for engine start-stop systems (ISS: idling start-stop systems), and copper-free disc brake pads.

Reorganization

-January 2016: Absorbed Shin-Kobe Electric Machinery Co., Ltd. and established a foundation for growing the Energy Storage Devices and Systems division as the Company's third largest business.
-April 2015: Established Hitachi Chemical Company America, Ltd. as the regional headquarters in the U.S. 
-April 2015: Merged its subsidiaries in Thailand to consolidate management resources in the market
-April 2015: Converted Taiwan First Li-Bond Co., Ltd. into the Company's consolidated subsidiary to strengthen position in the Asian market.
-January  2015: Converted CSB Battery Co., Ltd. in Taiwan into the Company's consolidated subsidiary and acquired CSB's global operations and sales network.

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Name or Company Name Investment Ratio (%)
Hitachi, Ltd. 51.21
Japan Trusties Services Bank, Ltd. (Trust Account) 3.78
The Master Trust Bank of Japan, Ltd. (Trust Account) 2.02
Hitachi Chemical Group Share Ownership Association 1.11
BBH Boston Custodian for Blackrock Global Allocation Fund, Inc. 620313 1.02
Nippon Life Insurance Company 1.00
HSBC Bank PLC State of Kuwait Investment Authority, Kuwait Investment Office 0.94
Chase Manhattan Bank GTS Clients Account Escrow 0.89
The Bank of New York, Non-Treaty Jasdec Account 0.85
CBNY-Government of Norway 0.84
Total 63.66

Products

Molded parts
Exterior molded parts
-Bumpers
-Rear spoilers
-Front lids, Fenders

Interior molded parts
-Instrumental panels
-Consoles
-Door trims
-Floor boards

Rear-door modules

Engine peripheral parts
-Battery trays; glass fiber, reinforced thermoplastic resin
-Intake manifolds; thermoplastic resin
-Molded inserts used for IPM housings

Thermoplastic moldings
-Small precision moldings

  • ABS components (filters and pistons)

-Injection moldings and deposition moldings

  • Ventilation grills
  • Door locks
  • Pipe joints
  • Brake oil tanks
  • Window washer fluid tanks

Thermosetting moldings
-Precision moldings

  • Impellers for fuel pumps
  • Camshaft pulleys
  • Spacers for thermal insulation

-Phenol SMC moldings

  • Insulators for direct injection pumps
  • Thrust washers for automatic transmissions
  • Insulators for intake manifolds

Sheet-formed products
-Multi-layer sheet "Polysheet Lamistack"
-Olfin-based sheet "Polysheet PW"
-Styrene-based sheet Polysheet for automotive exterior equipment
-High-luminance, metal look plastic sheets "Sparkle"

Interior and exterior films
-SPD (Suspended Particle Device) Film "LCF-1103DHA"
-Aqueous acrylic resin for automotive paints
-Protective film for automotive bodies

Friction materials
-Disc brake pads
-Brake assemblies

Automotive batteries
-Next-generation battery adapting to idling reduction vehicle "Tuflong G3"
-Battery adapting to idling reduction vehicle highest grade "Tuflong Premium"
-Battery adapting to idling reduction Japanese K-car "Tuflong Kei-IS"
-Auxiliary battery for hybrid vehicles "Tuflong HV"
-Battery with stop-start system for delivery service vehicles, trucks and buses "Tuflong LX"

Eco car products
-Anode material for lithium ion batteries
-Carbon brushes for automobiles
-Insulating varnishes
-Urethane resins
-Automotive printed wiring boards
-Base materials for PWBs
-Film capacitors

Powder metal products
Structural parts
-High strength materials
-High machinability materials
-Aluminum sinter-forged materials
-Heat and wear resistant materials for valve train
-Oxidation and wear resistant materials for turbo
-Sintered stainless steel
-Soft magnetic materials

Bearings
-Bearings for low sliding velocity and high load
-High performance iron-bronze bearings
-Magnetic fluid bearings
-High performance bearings for spindle motors
-Bearings with complex shape

Other automotive components and materials
-Flexible graphite material, "Carbofit"
-Silicon carbide (SiC) ceramics, "Hexoloy"
-Carbon sliding parts, "HITALOCK"
-High strength plastic gears
-Insulating varnish for varnish motors

History

Oct. 1962 Established Hitachi Chemical Company, Ltd.
Apr. 1963 Took over sales assets of Hitachi Ltd.'s Chemical Products Division and merged with Hitachi Kakou. Commenced business operations.
Apr. 1965 Spun off Kanagawa Works (Condenser Division) and re-established Hitachi Condenser Co., Ltd. (currently Hitachi AIC Inc.) in its place.
Dec. 1965 Set up Sakuragawa Works.
Jan. 1968 Merged with Hitachi Chemical Co. located in Chuo Ward, Tokyo in order to change face value of shares.
Oct. 1968 Spun off Matsudo Works (Powdered Metals Division) and reestablished in its place Hitachi Powdered Metals Co. Ltd.
Oct. 1969 Set up Yuki Works.
Oct. 1970 Listed on the Second Sections of Tokyo and Osaka Stock Exchanges.
Aug. 1971 Listed on the First Sections of Tokyo and Osaka Stock Exchanges.
Jun. 1972 Obtained majority of shares of Shin-Kobe Electric Machinery Co. Ltd.
Aug. 1972 Shin-Kobe Electric Machinery Co. Ltd. listed on the First Sections of Tokyo and Osaka Stock Exchanges.
Mar. 1973 Set up Ibaraki and Shimodate Research Laboratories.
Aug. 1973 Set up Goi Works.
Nov. 1974 Moved Headquarters from Tokyo's Chiyoda Ward to Shinjuku Ward.
Jan. 1980 Set up Shimodate Works II
Jan. 1985 Shimodate Works II was renamed Goshomiya Works.
Dec. 1986 Set up Minami Yuki Works and Tsukuba Development Research Laboratory.
Jan. 1987 Hitachi Powdered Metals Co. Ltd listed on the Second Section of Tokyo Stock Exchange.
Apr. 1990 Set up Kashima Factory.
Jan. 1994 Integrated Sakuragawa Works into Yamazaki Works, Minamiyuki Works into Shimodate Works and Goshomiya Works into Yuki Works.
Aug. 1995 Spun off Goshomiya Works from Yuki Works.
Sep. 1995 Hitachi Powdered Metals Co. Ltd. listed on the First Section of Tokyo Stock Exchange.
Jun. 1999 Integrated Tsukuba, Ibaraki and Shimodate Research Laboratories into one centralized R&D Center.
The Company's plants renamed as business units.
Jun. 2000 Integrated Kashima Operation Office into Yamazaki Operation Office.
Oct. 2001 Spun off Housing Equipment and Environmental Facilities Division and reestablished Hitachi Housetech Co. Ltd. in its place.
Apr. 2005 Research Center reorganized into the three laboratories: the Functional Material Research Laboratory, the Electronic Material Research Laboratory, and the Advanced Material Research Laboratory.
Jan. 2008 Sold the shares it owned in Hitachi Housetec Co., Ltd., spinning off the housing equipment and environmental facilities businesses.
May 2008 Hitachi Powdered Metals Co., Ltd. was delisted from the stock market.
Apr. 2008 Hitachi Powdered Metals Co., Ltd. became a wholly owned subsidiary of the Company.
Apr. 2008 Integrated its R&D functions in the areas of functional materials and electronic materials into the Advanced Materials R&D Center and New Applied Materials R&D Center.
Sep. 2009 Established the Tsukuba Research Laboratory by integrating the Advanced Materials R&D Center and the New Applied Materials R&D Center.
Apr. 2010 Integrated the Goshomiya Works into the Shimodate Works.
Absorbed the sales, business planning, and R&D divisions of Hitachi Powdered Metals Co., Ltd.
Mar. 2012 Acquired all voting rights in Shin-Kobe Electric Machinery Co., Ltd., which became a wholly owned subsidiary.
Jun. 2012 Added batteries, capacitors, and products in which these items are applied, to its business line up, manufacturing and selling them.
Oct. 2012 Integration of R&D division relating to battery of Shin-Kobe Electric Machinery Co., Ltd.
Jan. 2013 The trade name has been changed from Hitachi Chemical Co., Ltd. to Hitachi Chemical Company, Ltd. Headquarters moved from Tokyo's Shinjuku Ward to Chiyoda Ward.
Apr. 2013 Integration of sales, business planning and R&D (except for relating to batteries) divisions of Shin-Kobe Electric Machinery Co., Ltd.
Apr. 2014 Absorbed Hitachi Powdered Metals Co., Ltd. Set up Matsudo Works.
Jan. 2015 Absorbed Hitachi Powdered Metals Co., Ltd. Established Matsudo Works.
Apr. 2015 CSB Battery Co., Ltd. became a consolidated subsidiary of Hitachi Chemical Co., Ltd.
Jan. 2016 Absorbed Shin-Kobe Electric Machinery Co., Ltd. Established Saitama Works, Nabari Works and Hikone Works.
Apr. 2016 Absorbed Hitachi Kasei Polymer Co., Ltd. and. Hitachi Chemical Filtec Inc.

Supplemental Information 1