Alliance is all wet
20 Jul 2000
Honeywell and Mitsubishi Chemical Corporation have executed a letter of intent to form a global alliance combining their wet-process chemicals businesses. Terms of the letter were not disclosed.
The alliance will be a global manufacturer of high-purity wet-process chemicals with production facilities in key regions of the world, including the US, Europe, Taiwan and Japan. It also plans to develop manufacturing capabilities in Southeast Asia.
Wet-process chemicals are used in various steps of the semiconductor manufacturing process. The demand is rising for high-purity wet-process chemicals as manufacturing activity in the global semiconductor industry continues to increase.
The combined businesses will be a global supplier of less than 100 ppt (parts per trillion) high purity wet process chemicals, including hydrofluoric acid, ammonium hydroxide, hydrogen peroxide and hydrochloric acid, among others.
The transaction is expected to close later this year.
Additional information on the company is available on the Internet at www.honeywell.com.
