Latest news with #ResonacHoldings
Nikkei Asia
15-05-2025
- Business
- Nikkei Asia
Japan's Resonac to close graphite electrode plants in China, Malaysia
TOKYO -- Japan's Resonac Holdings will quit Chinese and Southeast Asian production of graphite electrodes for steelmakers, the company said Thursday, scaling back in a bid to improve margins that have been squeezed by an influx of low-priced Chinese parts. Graphite electrodes are used mainly in electric arc furnaces, which melt scrap iron using heat from an electrical current. Resonac is a major producer, with annual capacity totaling 210,000 tonnes across six manufacturing sites worldwide. The company will liquidate its subsidiaries in China and Malaysia, leaving it with four sites in Japan, the U.S., Austria and Spain.
Japan Times
19-02-2025
- Business
- Japan Times
Resonac explores deal structures for possible JSR takeover
Resonac Holdings is studying deal structures for a possible acquisition of government-owned chip linchpin JSR, a key step in the chemicals maker's ambition to corner the Japanese artificial intelligence semiconductor materials market. Now controlled by state-backed Japan Investment Corp. (JIC) following a $6 billion buyout, JSR is the world's largest maker of photoresists — a light-sensitive material crucial for mapping circuit patterns onto silicon through a process called lithography. "We've become overwhelmingly strong in many chip chemicals, but we don't own one for lithography,' Resonac Holdings Chief Executive Officer Hidehito Takahashi said in an interview. "We need that to be able to say we are a Japan-born specialty chemicals company with a substantial global market presence.'
