Showa Denko Materials Co., Ltd. (Formerly Hitachi Chemical Co., Ltd.)

Company Profile

■URL

https://www.mc.showadenko.com/english/

■Address

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

Business Overview

-Formerly named Hitachi Chemicals Co., Ltd., the Company is currently under the umbrella of Showa Denko Co., Ltd. and is one company in the High Functional Materials business division. It is engaged in two business segments based on degree of completion: materials under functional materials business, and component materials and parts under the advanced parts/systems business.

-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.

 

Announced the Transfer of the Storage Device & Systems Business

-Showa Denko Materials Co., Ltd. (Showa Denko Materials) announced that it will transfer its Energy Storage Device and Systems Business. Showa Denko Materials will establish the wholly owned subsidiary, Energy Storage Devices Spin-off Preparation Co., Ltd. (new company) and transfer the Energy Storage Device and Systems Business to the new company, and then transfer all shares of the new company to Sustainable Battery Solutions Inc. (SBS), an investment company. Showa Denko Materials plans to sign the share transfer agreement on July 8, 2021 and establish the new company within the same month. Showa Denko Materials plans to conduct an absorption-type demerger of its energy storage device and system business, effective December 1, 2021, and to execute the share transfer on the same day. In addition to the transfer of shares in the new company, it will also transfer its direct and indirect holdings in companies engaged in lead-acid batteries and other products to SBS. (From a press release dated July 8, 2021)

Shareholders

-Unlisted (As of Dec. 31, 2020)
Name or Company Name Investment Ratio (%)
HC Holdings Co., Ltd. 100.0

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
-Injection moldings and deposition moldings

Thermosetting moldings
-Precision moldings

  • Impellers for fuel pumps
  • Pulleys
  • Spacers for thermal insulation
  • Phenol SMC moldings

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
 

Powder metal products
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

 
Automotive Parts
-Silicon carbide (SiC) ceramics "Hexoloy"
-Varnish
-Electric automotive brushes
-Carbon sliding parts "HITALOCK"
-High strength plastic gears
-Thermoplastic-formed parts
-Materials for lithium-ion batteries

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.
Nov. 2016 Changed the name of CSB Battery Co., Ltd. to Hitachi Chemical Energy Technology Co., Ltd..
Feb. 2017 Turned FIAMM Energy Technology S.p.A. into a consolidated subsidiary.
Mar. 2017 Turned PCT, LLC, a Caladrius Company (currently Hitachi Chemical Advanced Therapeutics Solutions, LLC) into a wholly owned subsidiary.
Jul. 2017 Turned ISOLITE GmbH into a wholly owned subsidiary.
Sep. 2017 Turned Thai Storage Battery Public Limited into a consolidated subsidiary.
Jan. 2018 Turned Kyowa Medex Co., Ltd. into a wholly owned subsidiary.
Apr. 2019 Turned Apceth Biopharma GmbH into a wholly owned subsidiary
Oct. 2019 Transferred all stock shares held in Hitachi Kasei Shoji Co., Ltd. to Shinko Denki Co., Ltd.
Apr. 2020 Turned into a consolidated subsidiary by Showa Denko Co., Ltd.
Oct. 2020 Changed name from Hitachi Chemical Co., Ltd. to Showa Denko Materials Co., Ltd.

Supplemental Information 1