Dec 30, 2021 09:39 PM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 30 - South Korean chemical giant SK innovation announced on December 29 that it would establish a joint venture with Japan's Deshan to build a semiconductor material factory in South Korea. The total investment of the two enterprises is about 120 billion won (about RMB 645 million). The joint venture company is funded by both parties, 50% each, to build a new plant of high-purity isopropanol for semiconductor wafer cleaning agent in Ulsan City, Southeast Korea. The plant will be put into trial operation in 2023 and start mass production of 30000 tons per year by 2024. Sk Geo centric, a wholly-owned subsidiary of SK innovation, is responsible for the operation of the plant. According to the news released by the two enterprises, Deshan Provide manufacturing technology, and SK is responsible for raw material procurement, plant operation and marketing. It is planned to supply to the factories of world semiconductor giants such as Samsung Electronics and SK Hynix in South Korea.