18 August 2010 11:05 [Source: ICIS news]
LONDON (ICIS)--Specialty chemicals company Chemtura and Korean UP Chemical have signed a memorandum of understanding (MoU) to form a joint venture for the manufacture and sale of high-purity metal organic precursors used for high-brightness LED applications, the companies said on Wednesday.
The joint venture would take particular focus on the South Korean market and the broader Asia-Pacific region, the two companies said in a statement.
Chemtura said the joint venture would leverage its capability and technology related to metal organic precursors for polymerisation and other specialty applications, together with its backward 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.
This would combine with UP Chemical's experience in supplying high-purity metal organic precursors for chemical vapour deposition tools installed at semiconductor device manufacturers in South Korea and the Asia-Pacific region, said the companies.
Supply of high-purity metal organic precursors to the high-brightness LED market was expected to begin by December 2010, and fully integrated manufacturing capability for trimethylgallium and trimethylaluminum was expected to be established in ?xml:namespace>
No financial details of the deal were released.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections