Brief: Solvay, Shinkong Create JV To Serve Taiwan Semiconductor Demand

Solvac SA

25/08/2021 06:07

Aug 25 (Reuters) - Solvay SA  SOLB.BR :
    * SOLVAY AND SHINKONG CREATE JOINT VENTURE TO SERVE BOOMING
TAIWAN
SEMICONDUCTOR DEMAND
    * JOINT VENTURE IS SCHEDULED TO BEGIN OPERATIONS IN Q1 OF
2023 AND
WILL BE LOCATED CLOSE TO SOUTHERN TAIWAN SCIENCE PARK NEAR
TAINAN
    * AIM TO CLOSE TRANSACTION IN SECOND HALF OF 2021, PENDING
REGULATORY APPROVALS IN TAIWAN AND OTHER COUNTRIES
    * A NEW JOINT VENTURE, SHINSOL ADVANCED CHEMICALS, FOR
DEVELOPMENT, PRODUCTION AND MARKETING OF ELECTRONIC GRADE
HYDROGEN PEROXIDE

Source text for Eikon:  ID:nGNE1MZmd4 
Further company coverage:  SOLB.BR 

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