|By JCN Newswire||
|June 3, 2014 01:01 AM EDT||
This acquisition represents the first overseas investment of the Group in the field of aluminum can business. (For the background of the investment, please refer to our earlier news release of January 8, 2014.)
Hanacans is the largest aluminum can producer in the northern region of Vietnam (based on the production capacity as of today). The company has a solid customer base, serving a wide range of local beverage makers. Furthermore, Hanacans will introduce SAC's advanced production technology and quality control system, thereby strengthening its competitive power in the growing Vietnamese market.
Outline of Hanacans Company name: Rexam-Hanacans Joint Stock Company (To be changed) Head office: Bac Ninh Province, Vietnam (20 km from Hanoi) Capital stock: 383,987 million Dong (Approx. JPY 1,830 million ) Shareholders: Showa Aluminum Can Corporation: 90% Showa Denko K.K.: 1.75% Hanaka Group: 8.25% Representative: Ken-ichi Taguchi (General Director) Business: Production and sale of aluminum cans for beer and other types of beverages Employees: Around 170
About Showa Denko
Showa Denko K.K. ('SDK'; TSE: 4004, US: SHWDF) is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. SDK makes petrochemicals (ethylene, propylene), aluminum products (ingots, rods), electronic equipment (hard disks for computers) and inorganic materials (ceramics, carbons). The company has overseas operations and a joint venture with Netherlands-based Montell and Nippon Petrochemicals to make and market polypropylenes. In March 2001, SDK merged with Showa Denko Aluminum Corporation to strengthen the high-value-added fabricated aluminum products operations, and is today developing next-generation optical communications-use wafers. For more information, please visit www.sdk.co.jp .
Source: Showa Denko
Showa Denko (SDK) K.K. Public Relations Office Phone: +81-3-5470-3235
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