Tokai Carbon Co (JP:5301) has released an update.
Tokai Carbon Co., Ltd. has announced a significant restructuring of its graphite electrode production, reducing capacity in Japan and Europe due to market challenges, including falling demand and competition from low-priced imports. The company’s restructuring includes mothballing the Shiga Plant in Japan by July 2025 and consolidating production into the Hofu Plant, as well as a 30% reduction in European production capacity. This move is part of Tokai Carbon’s strategic plan to enhance its competitiveness and prepare for expected market growth in high-quality, large-diameter graphite electrodes.
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