Announced Fri, 28 Aug, 2026 · 08:51 IST
Acutaas unit Indichem opens semiconductor plant in South Korea
ACUTAAS · price
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AI summary
Acutaas Chemicals' step-down subsidiary Indichem Inc inaugurated a semiconductor materials plant in Gongju, South Korea. Built in 11 months from groundbreaking, the facility spans 16,513 sq m with three buildings. AAML invested KRW 30 billion (about Rs 200 crore) for a 75 percent stake, with J & Materials holding 25 percent. Chemicals will be synthesised in India and refined to semiconductor grade in Korea.
Likely market impact
Strengthens Acutaas' position in the high-growth semiconductor materials segment. Investment of about Rs 200 crore signals a long-term growth push.