SAFC, Soulbrain JV organic precursor technologies in Korean market

SAFC, Soulbrain JV for organic precursor technologies in Korean market

7:39 AM, 24th December 2012
SAFC, Soulbrain JV for organic precursor technologies in Korean market

ST LOUIS, US: SAFC Hitech Ltd, a wholly-owned subsidiary of Sigma-Aldrich Corporation, has signed an agreement to create a 50/50 joint venture (JV) with Korean-based Soulbrain Co Ltd, a publicly traded specialty chemical company serving the flat panel display, semiconductor and electronic materials market. The joint venture, known as Soulbrain Sigma-Aldrich Ltd, is subject to customary closing conditions and is expected to be finalized early in the first quarter of 2013.

Soulbrain will contribute certain electronic material product know-how, intellectual property (IP), and development personnel to the venture. SAFC Hitech will contribute related manufacturing and product know-how and IP for metal organic compounds used to manufacture semiconductors and will license its technology to the joint venture for products used to manufacture light emitting diodes (LED).

The newly formed JV will serve the Korean market and will focus on developing and commercializing advanced metal organic precursor technologies used in the semiconductor and LED markets. The combination is expected to leverage the strong market position and customer intimacy of Soulbrain, and utilize SAFC Hitech’s precursor technologies to better serve Korean customers.

“We continue to grow our presence in the Asia Pacific region, where the majority of electronic products are manufactured today. The creation of this joint venture enables us to extend our capabilities in the region and gain greater customer access through Soulbrain’s established technical competencies, infrastructure and customer relationships. We are pleased to partner with Soulbrain to bring new advances to the semiconductor and LED markets,” said Rakesh Sachdev, President and CEO, Sigma-Aldrich Corporation.

© WOC News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

BP to sell stake in Yacheng gas field to KUFPEC

LONDON, UK/BEIJING, CHINA: BP has agreed the sale of its 34.3 per cent interest in the Yacheng gas field in the South China Sea to Kuwait Foreign Petr ...

Read more
SOCAR opens two new fueling stations in Georgia

TEKLATI/SENAKI, GEORGIA: SOCAR opened new fueling stations in Georgia. One of the filling stations was opened in Teklati settlement of Senaki district ...

Read more
Fortum to invest €500 million in biofuels plant in Stockholm, Sweden

STOCKHOLM, SWEDEN: Fortum Varme, Fortum’s subsidiary co-owned together with the City of Stockholm, has decided to invest in a new biofuelled com ...

Read more
Praxair increases bulk liquid helium price for international customers

DANBURY, US: Praxair Inc is notifying bulk liquid helium customers in Europe, Asia and Latin America of increases in prices up to 30 per cent for bulk ...

Read more
Ecolab extends waiting period for Champion acquisition

ST PAUL, US: Ecolab continues to be in active and ongoing discussions with the Antitrust Division of the US Department of Justice (DOJ) regarding Ecol ...

Read more
Total acquires 33.4 pc interest in Tethys’ oil business in Tajikistan

PARIS, FRANCE: Total has signed an agreement with Kulob Petroleum, a subsidiary of Tethys Petroleum, to farm into the Bokhtar PSC Area in Tajikistan w ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X