Samsung LED, a joint venture led by Samsung Electronics, and Sumitomo Chemical said on Monday they had agreed to form a wafer joint venture.
Samsung LED said in a statement that the 50-50 joint venture capitalized at around 80 billion won ($72.02 million) would make sapphire wafers used to make light-emitting diodes (LED).
The company plans to build a production plant this year, with mass production from early 2012, Samsung LED added.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Valerie Diele-Braun resigned from her position as CEO and member of the Executive Board of IMCD at the end of April for personal reasons.
Jens Birgersson becomes new Brenntag CEO
This interview covers key results of the study ‘Success Factor Supply Chain Management and Logistics in the Chemical Industry 2024’ by Solventure, Aimms and Miebach.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
