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Showa Denko Plans Drastic Reorganization In Response to Changing Business Climate:: 10 Dec 2012 :: Tokyo - Showa Denko KK (SDK), citing the rapidly changing business environment, has decided to "drastically reorganize" the roles of its plants, business divisions and research and development organization. Effective 4 Jan. 2013, plants will serve as the core of SDK's production and development, and contribute to the benefit of customers by creating new technologies and productions, while business divisions will be responsible for devising and implementing strategies for their respective businesses. Research and development will be reorganized to improve efficiency so that next generation businesses can be created and the development in growth areas can be accelerated. Among numerous changes, the existing Olefins Division will be integrated with the existing Organic Chemicals Division to form the Petrochemicals Division, which will be under the direct control of the chief executive and will include olefins and organic chemicals departments. SDK also announced several executive changes that will take effect on 4 Jan. These include Takashi Miyazaki, currently executive officer of the petrochemicals sector and general manager of the Olefins Division, being appointed general manager of the new Petrochemicals Division and olefins de-partment. |
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