In Jan. 2016, Zhejiang Juhua announced the cooperation with CFT Capital, to
jointly develop electronic chemical materials business. This signalised that
Zhejiang Juhua is making constant efforts to head the domestic R&D and
production of electronic chemical materials and to make financial breakthroughs.
On 19 Jan., 2016, Zhejiang Juhua Co., Ltd. (Zhejiang Juhua) announced that it
had signed the strategic cooperation agreement framework with China Fortune-Tech
Capital Co., Ltd. (CFT Capital).
Accordingly, CFT Capital was established in Feb. 2014 with a registered capital
of USD1.54 million (RMB10 million). It is dedicated to the equity investment,
investment management and investment consultancy, specifically targeted at the
integrated circuit industry. Its largest shareholder (holding 45% of shares),
Semiconductor Manufacturing International (Shanghai) Corporation (SMIC) plays a
leading role in the integrated circuit industry.
According to the agreement framework, the 2 sides agreed to develop the
electronic chemical material business by:
-
Establishing a joint venture for business operation
-
Cooperating in fields of technology, management, communication &
training, etc.
-
Setting up a specific communication mechanism
-
Protecting intellectual properties, ensuring confidentiality and
disclosing information
The cooperation with CFT Capital to march into downstream integrated circuit
business signalised that Zhejiang Juhua is making constant efforts to head the
domestic R&D and production of electronic chemical materials. Meanwhile,
Zhejiang Juhua aims to make financial breakthroughs through this.
Specifically, electronic chemical materials business is a key and emerging
business to Zhejiang Juhua. Its controlling shareholder, Juhua Group
Corporation (Juhua Group) has become the director general of the China New
Electronic Chemical Materials Industry Alliance.
In addition, Zhejiang Juhua has showed its great foresight: it has already made
business layout involving wet process electronic chemicals such
as electronic-grade hydrofluoric acid and electronic-grade hydrochloric
acid, electronic gases like high purity hydrogen chloride and chlorine gas, and
even alternative energy, lithium hexafluorophosphate (LiPF6) for Li-ion battery.
Now it has forged the capability to massively produce such products and control
quality.
This will enable Zhejiang Juhua to complement CFT Capital. Meantime, it is
favourable for Zhejiang Juhua to maintain good relationship with leading
companies such as SMIC. Hopefully, the company can obtain talent teams,
technology, etc. for integrated circuit business by making investment and
participating by shares, so as to further complete its supply chain, improve
overall competitiveness and achieve synergy, to finally realise
great-leap-forward development.
The electronic chemical materials industry is a national strategically emerging
one, of great significance to the development of electronic information
technology industry, national information security and national defense. Also,
it is compatible with the national strategies, such as the Made in China 2025
and "Internet Plus". Foreseeable, this industry will be supported by
government.
Further, it probably will play a role in achieving import substitution.
According to CCM’s research, the sales of domestic-made electronic chemical
materials only make up about 30% in China. The premium sector is even
monopolised by developed countries, import reliance at 90% for specific
products.
About CCM:
CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets. Founded in 2001, CCM offers a range of data and content solutions, from price and trade data to industry newsletters and customized market research reports. Our clients include Monsanto, DuPont, Shell, Bayer, and Syngenta.
China Refrigeration is one of the leading exhibitions in the world for refrigeration, air-conditioning, heating and ventilation, frozen food processing, packaging and storage. It will take place on 3 days from Thursday, 07. April to Saturday, 09. April 2016 in Beijing.
We will attend China Refrigeration Beijing in the coming month. If you would like to meet us for consultancy inChina Refrigeration Beijing, please get in touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.
Tag: Zhejiang Juhua