Songwon & Heraeus to jointly produce specialty chemicals for electronics

Songwon and Heraeus signed a cooperation 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 that the partnership is essential for each party to bring to together their strengths, mutually benefit from one another and increase market opportunities. As equal partners, the two companies will combine their R&D, market and manufacturing expertise with a long term view and take their 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.  Heraeus already offers numerous high end products, such as conductive polymers and printing pastes for printed electronics like touch screens. 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.