NGK Insulators, Ltd. Appoints Eiji Hamamoto as Director and Chairman of the Board
April 27, 2017
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NGK Insulators, Ltd. at its board meeting held on April 28, 2017 approved the appointment of Eiji Hamamoto as new Director and Chairman of the Board from currently as Representative Director and Chairman of the Board. The change is scheduled to be officially determined upon approval of the resolution at the Annual Shareholders Meeting and the subsequent meeting of the board of directors both to be held on June 29, 2017.
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%).