Sumitomo Chemical signs a deal to build an electronics materials facility in Changzhou Binjiang Economic Development Zone

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Sumitomo Chemical, one of Japan's leading general chemicals producers and member of the Sumitomo Group, ranks second among Japanese chemicals firms and 19^th in the international chemicals markets. Founded in 1991, Sumitomo Chemical's South Korean unit Dongwoo Fine-Chem is a domestic leader in the electronics materials sector and a pioneer in the development of high-purity chemicals, etching solutions, photoresists, color films and polarizers, which are necessary for the manufacturing of semiconductors and thin-film-transistor liquid-crystal displays (TFT LCDs).  

With the agreement, Sumitomo Chemical and Dongwoo Fine-Chem will co-invest in the US$150 million electronics materials facility located in Changzhou Binjiang Economic Development Zone. Once construction is finished and the facility goes into production, the facility, with a registered capital of US$50 million, will provide semiconductor manufacturers across the eastern part of China with premium high-purity reagents.

A national commitment to infrastructure and a key Yangtze River Delta location make the Changzhou National Hi-Tech District the best location for 1,641 foreign companies.

SOURCE The Public Promotion Department of Changzhou Xinbei District Commission of CCP

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