08 OCTOBER 2012Menafn.com
Showa Denko to Dissolve Tokyo Aluminum Wire Co.
Edited by : AL CIRCLE
1 min read
Showa Denko K.K. (SDK) announces that its affiliate, Tokyo Aluminum Wire Co., Ltd., will be dissolved on September 30, 2013.
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.
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 2013.
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.
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.
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 2013.
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.
Previous article
Ball Corporation to Acquire Extruded Aluminum Packaging Business in Mexico
Next articleSomerville Aluminum Debuts Introduces New Kitchen and Bath Designer
Grow with
AL Circle
