Chemtura And UP Chemical JV high-brightness LED market

Chemtura And UP Chemical JV for high-brightness LED market

12:17 PM, 7th June 2011
Chemtura And UP Chemical JV for high-brightness LED market

PHILADELPHIA, US/SEOUL, KOREA: Chemtura Corporation and UP Chemical Co Ltd recently formed  a joint venture company, DayStar Materials, LLC, which will manufacture and sell high-purity metal organic precursors for the rapidly growing LED market.

 

The joint venture will leverage Chemtura’s capability and technology related to metal alkyls for polymerization and other specialty applications, together with its backwards integration for trimethylaluminum (TMA), a key material used in the manufacture of high-purity metal organic precursors for use in the production process for high-brightness LED chips.

 

It will further combine the strengths of UP Chemical Co Ltd, who specialize in the research, development, production, high-purity refinement and sale of various chemical vapour deposition precursors, as well as other thin film deposition materials for the electronic materials market in South Korea and the Asia Pacific region. The joint venture will begin supply of high-purity metal organic precursors in the second quarter of 2011.

 

“The LED market is growing at a staggering rate and DayStar Materials will be uniquely positioned to meet the high-purity metal organic precursor supply requirements of LED chip manufacturers throughout Asia,” said Craig Rogerson, President & CEO, Chemtura.

 

“The JV will help us build a competitive position in the metal organic precursor market for LED’s and will fill our Korean customers’ need for a domestic supplier. It will also provide the global LED market with a stable supply of high quality chemicals,” said Soo-Ick Sohn, CEO, UP Chemical.

© WOC News

 

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