English Top>News Releases>2003>SDK Inaugurates Its Hard Disk Production in Singapore

News Releases

SDK Inaugurates Its Hard Disk Production in Singapore

February 7, 2003

Showa Denko HD Singapore Pte. Ltd. (SHDS) today held a ceremony in Singapore to mark its official opening, with the attendance of the head of the Singapore Economic Development Board, senior government officials, Japanese Ambassador to Singapore, representatives of major customers, and many other guests.

Showa Denko K.K. (SDK) acquired Mitsubishi Chemical Corporation’s hard disk media business on January 1, 2003. The newly established SHDS has been operating smoothly, and has recently obtained additional customer qualification for its products. Since the demand is now larger than the original production plan, SHDS is going to reopen a suspended production line to meet the growing demand.

SDK’s hard disk media production in Ichihara, Japan is also increasing. Demand started to increase in the early part of last year, and then showed a rapid increase late last year. SDK is continuing to ship more than 3 million disks a month from its plant in Ichihara.

SDK also produces aluminum substrates for hard disks in Malaysia and Oyama, Japan. SDK’s total hard disk media production capacity now amounts to 5.3 million pieces a month (3.2 million in Ichihara and 2.1 million in Singapore). As SHDS is planning to attain ¥12 billion sales in the initial year, SDK expects to have annual sales of ¥45 billion in 2003 from its hard disk media operations.

Following the smooth start-up of SHDS, SDK will facilitate the consolidation of production technologies and know-how of SDK and Mitsubishi. As the word’s largest vendor of hard disk media, SDK aims to further strengthen its technical advantages, promoting further sophistication of technology and miniaturization of product.

In accordance with the new consolidated business plan for the 2003-2005 period, called the “Sprout Project,” SDK will continue to provide sophisticated hard disk media for the PC, communication equipment, and home electric appliance markets.