NGK Insulators Ltd - Company Profile
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Business Description
NGK Insulators Ltd (NGK) manufactures and markets electric power related equipment including insulators, industrial ceramic and beryllium copper products. It has operations in Belgium, China, Indonesia, Mexico, Poland, South Africa and the US. The company operates through three reportable segments, namely Environment, Digital Society and Energy and Industry. Geographically, the company reports revenue from five regions, namely Japan, North America (USA and Others), Europe (Germany and Others), Asia (China and Others), and Other Areas. In FY2023, the company incurred a capital expenditure of JPY43,153, which grew 15.3% YoY.
R&D Overview
The company’s R&D activities focus on developing NAS battery systems, NOx sensors, gasoline particulate filter products, heating and drying systems. It also focuses on research of applied devices based on core piezoelectric ceramics technology, ceramic components and modules, and beryllium copper strip products, and to develop ceramic products for LEDs through translucent alumina ceramics and mass production technology. NGK is currently developing ceramic substrates for direct air capture systems for automobile catalytic converters. Furthermore, the company is also developing sub-nano ceramic membranes which are able to separate specific molecules from mixed liquids and gases. The company is actively developing Gallium Nitride wafers, SiC Honeycomb heaters and Zinc rechargeable batteries. The company reported Research and Development (R&D) expense of JPY12,511 million for FY2023, which grew 19.6% YoY and was 2.2% against the company’s total revenue.
Business Segments
Overview
Comprises products such as ceramic components for electronics, semiconductor manufacturing equipment, beryllium copper products and moulds.
Performance
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Overview
Comprises products such as line arrester, corrosion-resistant ceramic apparatuses, gas analyzer, industrial heating systems, insulators, hardware for insulator assemblies and other products.
Performance
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Overview
Comprises of products such as automotive ceramics for exhaust gas purification and sensors.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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