Showa Denko Sets Up Scholarship at Three Chinese Universities

JCN Newswires, June 15, 2007

Tokyo, Japan, June 15, 2007 - (JCN Newswire) - Showa Denko K.K. (SDK) has established a scholarship at three Chinese universities, signing relevant agreements with Dalian University of Technology, Liaoning Province, on May 29; Zhejiang University, Zhejiang Province, on June 12; and Shanghai Jiao Tong University, Shanghai Municipality, on June 13, respectively.

This is intended as a measure to deepen SDK's friendly relations with these universities and to encourage scientific education.

Under the scheme, SDK will award the scholarship every year to a total of around 40 students studying at master courses in chemistry, material science, mechanical engineering, electronics and electrical engineering. The recipient screening procedure will be completed at the three universities by the end of August this year, with the awarding ceremonies scheduled for October.

The Showa Denko Group is carrying out the Passion Project, a three-year consolidated business plan that runs from 2006 through 2008, to promote future growth. Since 2003, SDK has been cooperating with these three universities, employing their new graduates, commissioning research, and sending SDK employees to study there. SDK will continue close cooperation with them as part of its R&D efforts to ensure the Group's future growth.

About Showa Denko K.K.

Showa Denko K.K. ('SDK'; TSE: 4004, US: SHWDF) is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. SDK makes petrochemicals (ethylene, propylene), aluminum products (ingots, rods), electronic equipment (hard disks for computers) and inorganic materials (ceramics, carbons). The company has overseas operations and a joint venture with Netherlands-based Montell and Nippon Petrochemicals to make and market polypropylenes. In March 2001, SDK merged with Showa Denko Aluminum Corporation to strengthen the high-value-added fabricated aluminum products operations, and is today developing next-generation optical communications-use wafers. For more information, please visit www.sdk.co.jp.

Source: Showa Denko K.K.

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