Falorni Tech Glass Melting Technology
Filtraglass

Showa Denko, Hoya to merge hard drive media operations

Japanese chemical maker Show Denko K.K. and optical glass maker Hoya Corp. will establish a joint venture to integrate their operations in recording media for hard disk drives, the two companies said …

Japanese chemical maker Show Denko K.K. and optical glass maker Hoya Corp. will establish a joint venture to integrate their operations in recording media for hard disk drives, the two companies said 30 September 2008. The new company will be 75%-owned by Showa Denko with Hoya taking the the rest. The companies expect the joint venture to post annual sales of JPY 180 billion, with a global market share equivalent to that of industry leader Seagate Technology Inc. of the United States. The move is designed to boost the two firms“ research and development capabilities at a time when hard drive storage capacity is rapidly expanding due to growing use in personal computers and other information technology-related electronics products. Showa Denko and Hoya plan to consider reorganizing five Japanese and overseas production sites.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news