Chemtura, UP Chemical form high-purity metal organic precursors JV

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 Korea in late 2011.

No financial details of the deal were released.

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By: Hilde Ovrebekk
+44 20 8652 3214

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