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    4004   JP3368000000

SHOWA DENKO K.K.

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Showa Denko K K : Materials forms auto parts production base in China

05/26/2021 | 01:48am EDT

Showa Denko Materials Co. has set up an outlet in the Chinese city of Wuhan to manufacture resin molded back door modules for automobiles on expectations that demand will grow further in the world's largest car market.

SD Automotive Products (Zhengzhou) Co., a subsidiary of the Tokyo-based chemical maker, will operate the facility located in the Wuhan Development Zone in Hubei Province with mass production set to start this fall mainly for Japanese automakers.

The 50,000-square-meter facility is Showa Denko Materials' second in China for the production of the auto part following one in Zhengzhou, Henan Province.

Showa Denko Materials says its resin molded back door modules, which have been used chiefly in sports utility vehicles, are lighter and make for greater flexibility in design than conventional steel back doors.

Formerly known as Hitachi Chemical Co., Showa Denko Materials became a consolidated subsidiary of Japanese chemical giant Showa Denko K.K. and changed its name in 2020. (NNA/Kyodo)

==Kyodo

© Kyodo News International, Inc., source Newswire

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Financials
Sales 2021 1 380 B 12 580 M 12 580 M
Net income 2021 9 450 M 86,2 M 86,2 M
Net Debt 2021 756 B 6 890 M 6 890 M
P/E ratio 2021 48,3x
Yield 2021 2,08%
Capitalization 457 B 4 160 M 4 163 M
EV / Sales 2021 0,88x
EV / Sales 2022 0,77x
Nbr of Employees 33 684
Free-Float 94,2%
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Number of Analysts 9
Last Close Price 3 130,00 JPY
Average target price 3 975,00 JPY
Spread / Average Target 27,0%
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Managers and Directors
Kohei Morikawa President, CEO & Representative Director
Motohiro Takeuchi CFO, Representative Director & Head-Accounting
Hideo Ichikawa Chairman
Hiroshi Sakai Director & Chief Technology Officer
Masaharu Oshima Independent Outside Director
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