Showa Denko K.K. (SDK) and Air Water Inc. (AWI) have agreed to establish a joint venture for the production of specialty material gases for the electronics industry.
Due to be established next month in Tokyo, Japan, the new company named Showa Denko Air Water Co., Ltd. will be capitalised at JPY 100m ($120m). It will be 51% owned by SDK and 49% by AWI.
Demand for specialty material gases has steadily been growing, centering on Asian markets, for use in the production of solar cells, semiconductors, LCD panels, and LEDs. Due to increasing needs for high-quality, functional, energy-saving and compact electronic devices, manufacturers of specialty material gases are now required to develop new products and make further capital investments.
These factors have led SDK and AWI to form a partial alliance in the areas of advanced, innovative, and eco-friendly specialty material gases that can be marketed globally.
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