Tokyo Aluminum Wire Co. To be Dissolved

Tokyo Aluminum Wire Co. To be Dissolved 
Tokyo, Oct 2, 2012 - (JCN Newswire) - Showa Denko K.K. (SDK) announces that its
affiliate, Tokyo Aluminum Wire Co., Ltd., will be dissolved on September 30,
1. Outline of the company 

Company name:      Tokyo Aluminum Wire Co., Ltd.
Head office:       13-9, Shiba Daimon 1-chome, Minato-ku, Tokyo
President:         Takashi Shimazu
Scope of business: Production and sale of aluminum rough drawing wire for
                   electric cables, and aluminum alloy rough drawing wire
Establishment:     April 1965
Capital:           JPY 250 million
Shareholders:      Showa Denko K.K. (17%);
                   Fujikura Ltd. (17%);
                   Hitachi Cable, Ltd. (17%);
                   SWCC Showa Cable Systems Co., Ltd. (17%);
                   Furukawa Electric Co., Ltd. (17%);
                   Tokyo Electric Power Company (13%);
                   and Kandenko Co., Ltd. (2%)

2. Reasons for dissolution 
Tokyo Aluminum Wire Co., Ltd., which has been producing and selling aluminum
rough drawing wire for electric cables, is to be dissolved because demand for
aluminum electric cables, due to new construction or replacement, will remain
at a low level for many years to come. 
3. Schedules 
A resolution to dissolve the company will be adopted at the end of September
2013.  Liquidation of the company will be completed by the end of December
4. Future prospect 
The company is one of SDK's affiliates to which the equity method is
applied.  Liquidation of the company will have only slight influence on
SDK's business results. 
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 . 
Showa Denko K.K. (SDK)
IR & PR Office
Tel: +81-3-5470-3235 
Copyright 2012 JCN Newswire. All rights reserved. 
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