Tokyo, Aug 20, 2012 - (JCN Newswire) - Showa Denko K.K. (SDK) has received a loan from Development Bank of Japan Inc. (DBJ), after acquiring the highest-level rating for its ability to prevent disaster and for its business continuity management (BCM). The loan includes DBJ's first special contract for the provision of funds for recovery from earthquake disaster.
DBJ evaluates firms' efforts to prepare disaster prevention plans and strengthen BCM, as a means for minimizing damage to business assets and for enabling business continuation and smooth rehabilitation. SDK has been awarded the highest-level BCM rating as SDK has taken various steps, including efforts to ensure all of its facilities are earthquake-proof, review and improve supply chains, and shorten the time for rehabilitation in respective business segments.
DBJ has developed, jointly with Sompo Japan Insurance Inc., the special contract for the provision of funds for recovery from earthquake disaster. Under the new system, firms will receive a certain amount of funds for rehabilitation in the event of an earthquake that meets predetermined conditions.
After the Great East Japan Earthquake, the Showa Denko Group has reassessed the social impact of the suspension of supply of its products, and reconfirmed the importance of its responsibility as supplier. The Group will continue its efforts to establish a business system resistant to disaster, aiming to contribute toward creating a society where affluence and sustainability are harmonized.
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 .
Contact:
Showa Denko K.K. (SDK)
IR & PR Office
Tel: +81-3-5470-3235
Aug 20, 2012
Source: Showa Denko
Showa Denko (TSE: 4004) (U.S: SHWDF)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Loans & Financing
View more news from these Sectors: Chemicals
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