Ulsan, Korea --- Songwon and Heraeus announced today that they have signed a co-operation agreement to jointly develop and market high end specialty chemicals for the electronics industry. This new co-operation combines Songwon's strong expertise in R&D and chemical manufacturing with Heraeus' technical capabilities and high reputation in the electronics chemical industry, thereby broadening both companies' access to the global electronics market.
Highlighting the key aspects of the agreement, Dr Ralf Droste, President Heraeus New Businesses said: “In a partnership it is essential for each partner to bring together their strengths, mutually benefit from one another and increase market opportunities. This co-operation achieves exactly that. As equal partners, we will combine our R&D, market and manufacturing expertise with a long term view and take our business to a whole new level.”
Under the agreement, the high end specialty chemicals co-developed for the electronics and semiconductor market will be produced by Songwon and marketed by Heraeus along with its existing portfolio. The co-operation allows Heraeus to further broaden its offerings to this industry based on Songwon’s know-how and world-class manufacturing facilities which are capable of producing the required quality and quantities of such high end specialty chemicals.