Mitsui Chemicals Tohcello, Inc. Establishes a New Company in Taiwan

  • by Business Wire India
  • 1 year ago
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ICROS(TM)Tape (Photo: Business Wire)

Business Wire India

Mitsui Chemicals, Inc. (Head Office: Minato-ku, Tokyo; President & CEO: Tsutomu Tannowa) announced that its wholly owned subsidiary, Mitsui Chemicals Tohcello, Inc. (Head Office: Chiyoda-ku, Tokyo; President & CEO: Yoshihisa Fujimaki) has decided to establish a company in Taiwan that will manufacture and sell the ICROS™Tape, a tape for semiconductor manufacturing.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171022005001/en/

ICROS(TM)Tape (Photo: Business Wire)

The ICROS™Tape is a protective tape used for semiconductor manufacturing. It holds the world’s largest market share as a protective tape for the back grinding process of silicon wafer. The semiconductor market is experiencing growing demand attributable in part to the growth of mobile terminals. Demand is expected to continue to grow at a rapid clip due in part to the gathering momentum of growth in demand for semiconductors for Data Center and IoT-related applications. To respond to the growing demand, Mitsui Chemicals Tohcello will set up a manufacturing and sales base in Taiwan, aiming to build a stable supply system and expand its business domains in addition to increasing its supply capacity.

[Overview of the New Company]
Company Name Taiwan Tohcello Functional Sheet, Inc.
Business

Manufacturing and sales of tape for semiconductor manufacturing (ICROS™Tape)

Location Kaohsiung Park, Southern Taiwan Science Park, Luzhu District, Kaohsiung City , Taiwan (In process of application)
Capital 550mil. Taiwan dollars (Approx. 2bil. yen)
Capital Investor Mitsui Chemicals Tohcello, Inc. 100%
Production Capacity 3,800,000 m2/ year
Schedule (Plan)

Establishment of the company: November 2017
Commencement of commercial operation: September 2019

Mitsui Chemicals Tohcello will strengthen its manufacturing, sales, and engineering services to support high-quality products while continuing to bolster and expand its film and sheet business.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171022005001/en/

MULTIMEDIA AVAILABLE :
http://www.businesswire.com/news/home/20171022005001/en/

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