Formosa Plastics will establish a joint venture with Japan's Daicel to build an electronic-grade photoresist thinner plant in the Renwu Industrial Park in Kaohsiung. Total investment is expected to be approximately ¥12 billion, with production targeted to begin in December 2028.
Formosa Plastics announced that its board of directors had approved the establishment of a joint venture, 台塑大賽璐精密化学股份有限公司, with Japan's Daicel. The joint venture will have capital of NT$1.5 billion and initial paid-in capital of NT$800 million. Each company will contribute NT$400 million, giving them equal 50% stakes. The plant will be built in the Renwu Industrial Park in Kaohsiung City, with total investment estimated at approximately ¥12 billion and production targeted to begin in December 2028.
The new plant will produce electronic-grade photoresist thinner and strengthen local supply capacity in this field. Daicel is said to hold a global market share of more than 60% in semiconductor photoresist applications and has a track record in developing EUV-grade products, supporting the introduction of advanced technology. Formosa Plastics plans to use local resources and utility infrastructure to promote local procurement and integrate the supply chain. Prospective customers are reportedly already agreed.