September 29, 2008
SDK to Raise Price of Shorox(TM) Glass Polishing Material
Tokyo, Sept 29, 2008 - (JCN Newswire) - Showa Denko K.K. (SDK) has decided to increase the selling price of Shorox(TM) cerium- oxide-based abrasives by 180 yen per kilogram in dry fine particles and 60 yen per kilogram in slurries, respectively, as from November shipments, and started discussions with customers regarding this price increase.
Shorox(TM), made from rare earths from China, is used for high- precision polishing of glass substrates for LCDs and hard disk (HD) media.
Demand for cerium-oxide-based abrasives has been substantially growing in recent years in response to increased production of large- sized LCD TVs and glass-based HD media. Meanwhile, export volume of rare earths from China has been on the decline due to shutdowns of plants for environmental protection, growing domestic demand within China, and the Chinese Government's policy to impose stricter control on export. Thus, rare earth raw materials will be increasingly in tight supply and its cost could increase further.
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:For more information, contact:
Marketing Department 2, Ceramics Division (Phone: 81-3-5470-3412) IR & PR Office (Phone: 81-3-5470-3235)
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