Sales in our ceramic products business
rose 15.6% over the previous term to
Y59,632 million (US$480.9 million).
Sales of our mainstay honeycomb
ceramics for exhaust emission controls
increased steadily, principally in the
U.S. and European markets, with the
depreciation of the yen providing a
strong tail wind for exports from Japan.
Sales growth was boosted by the
ongoing recovery in domestic demand
for industrial apparatus and industrial
heating systems. Large-lot orders for
products and expanded marketing of
ceramic membrane filters also contributed
to the strong performance. Ceramic
membrane filters are used mainly
in pharmaceutical and food manufacturing
April 1996 as our Southeast
base for honeycomb
ceramics. This is our
fourth production base for
complementing our existing facilities in
Japan, the United States and Europe.
Shipments are scheduled to begin in
In December 1996, we reached agreement with The Siam Refractory Industry Co., Ltd. to form a joint venture, Siam NGK Technocera Co., Ltd. in Thailand to manufacture refractories for the production of electronics-related ceramics.
In response to strong demand, NGK expanded its mass production facilities of ceramic susceptors for semiconductor manufacturing equipment in October 1996. Our ceramic susceptors provide superior heat and corrosion resistance and are playing an important role in increasing the integration density of semiconductors.
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