Tokyo, May 30, 2012 - (JCN Newswire) - Showa Denko K.K. (SDK) has decided to increase its prices for aluminum hydroxide and alumina, and started discussions with customers.
Specifically, the price for aluminum hydroxide is to be raised by US$90/m.t. or more as from shipments on June 1, 2012; the price for alumina by US$130/m.t. or more as from shipments on June 1, 2012; and the price for fused alumina by US$190/m.t. or more as from shipments on July 1, 2012.
SDK has worked to increase production efficiency and made other efforts to reduce costs. As the costs of raw materials and fuels remain at high levels, however, it is not possible for SDK to fully absorb the increased costs through its own efforts. Thus, SDK has concluded that it has no alternative but to ask its customers to bear part of the cost increase in order to ensure the stable supply of its aluminum hydroxide and alumina.
Aluminum hydroxide is used as flocculant for water treatment and flame-retardant filler for resins, in addition to the use as raw material for alumina production. Meanwhile, alumina is used as raw material for the production of ceramics, such as refractories and abrasives.
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
May 30, 2012
Source: Showa Denko
Showa Denko (TSE: 4004) (U.S: SHWDF)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Production report
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