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Strategic Partnership Agreement Signed Between Marubeni and SCCC

Source: www.gulfoilandgas.com 7/11/2018, Location: Asia

On July 10th, Marubeni Corporation (hereinafter, “Marubeni”) has concluded a strategic partnership agreement (hereinafter, “this Agreement”) with Chinese chemical manufacturer Suzhou Crystal Clear Chemical Co., Ltd (hereinafter, “SCCC”) to jointly study the manufacturing and sale of advanced materials for semiconductors in China.

SCCC was listed on the Shenzhen Stock Exchange in May of 2017. As a central company that promotes the high-tech industry development policy of the Chinese government, SCCC is rapidly advancing domestic production of high purity chemical products for electronic materials that are used in things like semiconductors and LCD displays.

Marubeni and SCCC have past experience working together in a jointly operated chemical manufacturing business in China. Due to the normalization of AI and IoT in recent years, the semiconductor market in China is expected to experience significant growth. So, in concluding this agreement, Marubeni and SCCC intend to utilize their combined knowledge and networks in the electronic materials industry, and apply those strengths to China’s semiconductor market. Furthermore, Marubeni will seek to evolve the advanced materials manufacturing and sales business.

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