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Components | November 25, 2011

Fujifilm sets up manufacturing company in South Korea

Fujifilm Electronic Materials Co., will set up a semiconductor material manufacturing company in South Korea with 95% capital participation from the Fujifilm Group.
FFEM signed a contract with exax Inc which will make up the remaining 5% capital participation in the new company, concerning the establishment of a joint venture and the transfer of some of exax's assets such as factory facilities to the new company. As a chemical manufacturer established in 1976, exax supplies display materials and other materials to South Korea's major display manufacturers. Production at the new company is slated to start in March 2012.
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