KMG Chemicals acquires electronic chemicals producer Nagase FineChem (NFC)
United States: United
States based specialty chemicals manufacturer KMG Chemicals, Inc. has completed
the acquisition of Singapore based electronic chemicals manufacturer, Nagase
FineChem (NFC). NFC facility in Singapore includes production unit, packaging
unit, warehouse, laboratory and cleanrooms. The company is engaged in the
manufacturing of wet process chemicals like acids, solvents and customized
blends for various markets such as electronics, LCD’s and semiconductors. Under the acquisition, KMG would also
manufacture some definite electronic chemicals for NFC for 1 year. KMG is also
expected to combine its existing operations in Singapore with the new facility.
In addition, KMG is also expected to make capital investment at NFC’s facility
in order to enhance and improve the company’s existing capabilities in
manufacturing, packaging and purification.
TechSci Research depicts
that this acquisition would further improve the KMG’s offering for electronic
chemicals to its customers in the Asian market. This would also strengthen KMG
Chemical’s market position as well as provide significant opportunities for
expansion to better serve the semiconductor market in Asia.