TOKYO—Japanese polymers and chemicals manufacturer Showa Denko K.K. has relaunched as an "integrated company," two years after its $8 billion acquisition of Hitachi Chemicals.
Effective Jan. 1, the newly named Resonac Group restructured with the formation of a holding group—Resonac Holdings Corp.—and a change in its business model, Resonac said.
As previously reported by European Rubber Journal, the process saw the group split out its manufacturing business Showa Denko Materials, now renamed Resonac Corp.
Among other products, Resonac Corp. manufactures chloroprene rubber, a material offering enhanced properties in areas such as resistance to oil, heat and weather conditions, and flame-proof characteristics.