Mitsubishi Chemical Corporation’s (MCC) hard disk (HD) business is to be transferred to the SDK Group in January next year.
The hard disk business of Mitsubishi Chemical Infonics (MCI), MCC’s fully owned subsidiary in Singapore, all hard disk-related production and research and development facilities, as well as part of the intellectual property owned by MCC, are involved in the transfer.
SDK will establish a new subsidiary in Singapore, tentatively named Showa Denko HD Singapore (SHS) to take over the business.
SDK is currently producing hard disks through its subsidiary Showa Denko HD (SHD). With the addition of SHS, the SDK Group will increase its HD production capacity to 5.3 million units a month, consisting of 3.2 million units at SHD and 2.1 million units at SHS.
MCI will continue to be one of the core subsidiaries of MCC’s information and electronics businesses and will now focus on optical disks and organic photoconductors.