WE
ARE
RESONAC
GRAPHITE.
As CEO and President of Resonac’s Graphite Business Unit, it is my responsibility to set our global strategic direction, foster customer centricity and end-to-end (E2E) cross-functional collaboration. I will promote operational excellence in an environment where performance and attitude bring development opportunities and create a workplace where everyone feels empowered to contribute to the company's success while achieving continual personal growth. Stay safe!
Resonac Graphite BU Announces Price Increase on all new Graphite Electrode Orders
[September 12, 2024] — In response to the evolving market dynamics, Resonac Graphite Business Unit is announcing a minimum 20% global price increase on all new graphite electrode orders.
Over the past two years, in the face of a substantial oversupply of capacity, the GE industry has experienced a significant decrease in prices and widespread, severe financial losses. In response to these market conditions most competitors have already announced and undertaken measures to reduce capacity.
As mentioned in the recent 2Q2024 earnings call, Resonac Graphite is also planning structural reforms to its graphite electrode capacity and shifting a portion of its manufacturing to produce anode materials for electric vehicle batteries (EVB). The company expects to provide more guidance on those production plans in the coming weeks.
“For over eight decades, Resonac has been an industry leader and a stable supplier of high-quality graphite electrodes. To remain a long-term, sustainable supplier to the global steel industry, Resonac Graphite must earn enough returns to reinvest in our business,” said César Castiñeira, President & CEO of Resonac Graphite BU. He continued, “While this first step will not get us to that level, we remain committed to our core values of innovation, quality, and customer satisfaction. As we navigate these challenging times, we want to invest in technology, enhance our product offerings, and deliver exceptional value to our clients. Resonac’s goal is to ensure that our customers receive and value the best possible solutions while also promoting a more sustainable industry landscape.”
“We appreciate the ongoing support and loyalty of our customers, and our global commercial teams are available to answer any questions about the new pricing structure.”
Production
plants
resonac
graphite
world wide.
Resonac’s graphite electrodes are produced globally at six locations, and delivered to customers around the world. Our regional presence enables short lead times and reliable supply chains - ensuring that our customers’ needs are met quickly and efficiently.
We believe the world is rapidly moving away from competition between individual companies and toward competition between end-to-end supply chains. In preparation, we are developing strategic partnerships with select customers and suppliers to give us a competitive advantage. These relationships are the pillars of our goal to achieve a profitable, resilient, and sustainable operation.
OUR VISION
BEHIND OUR
PURPOSE AND
VALUES.
The chemical industry plays a fundamental role in creating beneficial innovations for the world. However, it is undeniable that the global environment is currently in a critical state.
As an active participant in a collaborative chemical company, Resonac Graphite is committed to developing technologies and processes that align with the needs of the times - harnessing the transformative power of chemistry responsibly. We intend to have a positive impact on the global environment and human well-being for future generations.
At Resonac Graphite, our decisions are anchored in our purpose and values. These guiding principles shape our approach, ensuring that our actions contribute meaningfully to the greater good.
OUR
PURPOSE.
OUR CORPORATE
VALUES.
Agile &
Flexible
Passionate &
Results-Driven
Solid Vision &
Solid Integrity
Open Minds &
Open Connections
OUR
History
-
1917
Established Steeg plant in Austria -
1933
Established Omachi plant in Japan -
1939
Established Showa Denko K. K. -
1968
Established A Coruña plant in Spain -
1983
Established Ridgeville plant in the United States -
2005
Production of Ø800mm (32”) graphite electrode started in Omachi plant -
2012
Established Banting plant in Malaysia -
2013
Established Sichuan plant in China -
2020
Partnership formed between Showa Denko Carbon and AMI Automation -
2020
First delivery of Omega graphite electrode -
2023
Rebranded as Resonac Graphite as part of the Resonac Group