South Korea: Engineering Tosoh to Build Quartzware Production Plant in South Korea
Tosoh Quartz has plans to form a subsidiary corporation and construct a new quartzware production facility in South Korea. The new plant is expected to further strengthen the company’s quartzware manufacturing capabilities in the region.
Tokyo/Japan – Tosoh Quartz Corporation, a group company of Tosoh Corporation that is headquartered in Tokyo, Japan, will establish a subsidiary corporation and a quartzware production facility in South Korea. It plans to have the subsidiary corporation established before the end of fiscal year 2020, and to start production at the production facility within fiscal 2021.
Tosoh Quartz Corporation will make a capital investment in South Korea as the nation plays a major role in the growing demand for semiconductors. The South Korea-based quartzware production facility will join its sister companies in Japan and Taiwan to further strengthen the company’s quartzware manufacturing capabilities. It will feature world-class technologies and will continue to expand on the expertise accumulated through the company’s operations in Japan and Taiwan to respond to the rising global demand for quartzware.
The global semiconductor and quartzware markets are forecast to expand. The forecast anticipates growing demand for semiconductors for increased smartphone data capacity, for Internet of Things (IoT) devices, for artificial intelligence (AI) uses, and for a rising number of automotive applications spurred by the advancement of electric vehicle and autonomous driving technologies.
Tosoh Quartz Corporation’s implementation of its plans in South Korea will ensure that the Tosoh Group keeps pace with this rapidly expanding demand. The company’s Korean operations will also boost the profitability of Tosoh’s advanced materials businesses.