With effect from January 2023, Showa Denko will transform into a holding company changing its name to Resonac Holdings. It will be officially resolved at the extraordinary general shareholders meeting to be held in late September 2022. 　

As the company transforms into a holding company structure, all of its own business will be succeeded by Showa Denko Materials (SDMC), a wholly owned affiliate of HC Holdings (HCHD) in which SDK holds 100% of voting rights. In this plan, SDK will merge HCHD into SDMC to form a new integrated company named “RESONAC” and have Resonac HD succeed part of the asset and debt possessed by SDMC.

In the restructured system, Resonac HD will specialize in executing a group strategy and management activities functioning as a company listed on the stock exchange market, while Resonac will concentrate on business activities aiming at an early realization of synergy of the integration of SDK and SDMC.

Regarding the synergy effect, the Public Relations Group of the company showed a directionality though premising no concrete description at present, saying, “We have lots of materials for all semiconductor-related processes. We are going to combine and align them. As for industrial gases and specialty gases, we will examine for further streamlining of logistics and purchases.

The new firm name “RESONAC” was created as a combination of two English words, namely the word of “RESONATE” and “C” as the first letter of Chemistru. It implies SDK’s wish that the Group’s technologies and ideas will be connected and resonate with those of the partners, creating a great move to change society. Following the change of the corporate name at this time SDK is planning to change also the names of the Group member companies.