NGK Insulators, Ltd Announces Change in Representative Directors
May 14, 2014
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At a meeting of the board of directors of NGK INSULATORS, LTD. held on May 15, 2014, the following change in representative directors was decided: to appoint Eiji Hamamoto, Currently Representative Director and Executive Vice President, as Representative Director and Chairman of the Board; Taku Oshima, Currently Senior Vice President, as Representative Director and President; Taro Kato, Currently Representative Director and President, as Executive Corporate Advisor. New directors will be appointed at a meeting of the board of directors to be held following the annual shareholders' meeting scheduled for June 27, 2014.
NGK Insulators, Ltd. specializes in the design, manufacturing and marketing of electric and electronic components and equipments. Net sales break down by family of products as follows:
- ceramic products (57.3%): for automotive and industrial applications;
- components and equipment for industrial manufacturing processes (24.2%): components for semiconductor manufacturing equipment, corrosion-resistant ceramic apparatuses for chemical industries, gas analyzer, industrial heating systems, refractory products and radioactive waste treatment systems;
- electronic components (10.5%): especially for semiconductors manufacturing and special metals processing;
- electric equipments (8%): insulators and electric devices, batteries for electric power storage, etc.
Net sales break down geographically as follows: Japan (24.5%), Asia (30.4%), North America (21.7%), Europe (21.3%) and other (2.1%).