FERROTEC HOLDINGS CORPORATION News Release: Ferrotec Holdings Corporation (6890 TSE Standard)
June 2, 2023
Notice of the Establishment of a Joint Venture Company with Irie Koken Co., Ltd. for Vacuum
Valves for Semiconductor Manufacturing Equipment, Etc.
Ferrotec Holdings Corporation (head office: Minato-ku, Tokyo; Representative Director and Group CEO: He Xian Han; hereinafter "the Company") announces that we have established a joint venture company with Irie Koken Co., Ltd. (head office: Chiyoda-ku, Tokyo; Representative Director: Norihiro Irie; hereinafter "IKC") for the purpose of manufacturing and selling vacuum valves, etc. to Chinese semiconductor manufacturing equipment manufacturers, via a Chinese subsidiary Ferrotec (Anhui) Technology Development Co., Ltd. (head office: Tongling, Anhui, China; Representative Director: He Xian Han; hereinafter "FTSVA").
1. Outline of the joint venture company
(1) | Name | Ferrotec IKC (Anhui) Precision Machinery Co., Ltd. | ||
(2) | Address | 18 NanHai Road, YiAn Economic Development Zone, Tongling City, Anhui | ||
Province, People's Republic of China | ||||
(3) | Date of establishment | May 22, 2023 | ||
(4) | Registered capital | 10 million yuan (approx. 200 million yen) | ||
(5) | Contribution ratio | IKC: 51.0%/FTSVA: 49.0% | ||
(6) | Director | Norihiro Irie, Representative Director | ||
(7) | Contents of business | R&D, manufacturing, sale, wholesale, export, and import of bellows, flexible tubes, | ||
angle valves, feedthroughs, pipe joints, gate valves, and slow exhaust valves, and | ||||
after-sales and consulting services for them | ||||
(8) | Account closing month | December | ||
2. Outline of IKC | ||||
(1) | Name | Irie Koken Co., Ltd. | ||
(2) | Address | Kokusai Building 813, 3-1-1 Marunouchi, Chiyoda-ku, Tokyo | ||
(3) | Title and name of | Norihiro Irie, Representative Director | ||
Representative | ||||
(4) | Contents of business | Manufacturing and sale of metallic bellows, vacuum valves, vacuum pipes, | ||
chambers, vacuum feedthroughs, and other vacuum devices | ||||
(5) | Capital | 150 million yen | ||
(6) | Date of establishment | May 24, 1966 | ||
(7) | Major shareholder and | Norihiro Irie: 67.0% | ||
shareholding ratio | ||||
Capital relationship | Nothing is applicable. | |||
Relationship between IKC | ||||
(8) | Personnel relationship | Nothing is applicable. | ||
and the Company | ||||
Business relationship | Nothing is applicable. | |||
3. Outline of FTSVA | ||||
(1) | Name | Ferrotec (Anhui) Technology Development Co., Ltd. | ||
(2) | Address | 18 NanHai Road, YiAn Economic Development Zone, Tongling City, Anhui | ||
Province, People's Republic of China | ||||
(3) | Title and name of | He Xian Han, Representative Director | ||
Representative | ||||
(4) | Contents of business | High purity process tool parts cleaning service for semiconductors and FPDs | ||
(5) | Capital | 338,390,000 yuan (approx. 6.7 billion yen) | ||
(6) | Date of establishment | December 26, 2017 | ||
(7) | Major shareholder and | Shanghai Shenhe Investment Co., Ltd. (consolidated subsidiary of the Company): | ||
shareholding ratio | 50.24% | |||
Capital relationship | FTSVA is a second-tier subsidiary, 50.24% of whose | |||
shares are held by Shanghai Shenhe Investment Co., | ||||
(8) | Relationship between | Ltd., which is wholly owned by the Company. | ||
FTSVA and the Company | Personnel relationship | Representative Director of the Company concurrently | ||
serves as the director of FTSVA. | ||||
Business relationship | Nothing is applicable. |
4. Purposes and aims of this joint venture
By combining IKC's advanced technologies for developing and manufacturing metallic bellows and vacuum valves for
semiconductor manufacturing equipment, the cutting-edge metal working equipment owned by Chinese subsidiaries of the Company, and the customer base including leading semiconductor manufacturing equipment manufacturers in China, we will
News Release: Ferrotec Holdings Corporation (6890 TSE Standard)
further strengthen the semiconductor and other equipment-related business of the Company while striving to improve our corporate group's share and brand power in the Chinese market related to vacuum devices for semiconductor manufacturing equipment.
5. Future outlook
The impact on the business performance of the Company for the current fiscal year through this matter is expected to be
minor. However, we will promptly disclose relevant items as soon as they are confirmed.
Metallic bellows: | Expansive metallic pipes produced by making metallic cylinders convoluted and adding extensibility, |
airtightness, and springiness | |
Vacuum valves: | Vacuum valves are used for separating vacuum and vacuum spaces or isolating a vacuum space from |
the atmosphere. They are used for isolating each process for manufacturing displays and | |
semiconductor substrates, and also for adjusting the pressure of a vacuum chamber when placed | |
between the vacuum chamber and a vacuum pump. |
News Release: Ferrotec Holdings Corporation (6890 TSE Standard)
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Disclaimer
Ferrotec Holdings Corporation published this content on 21 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2023 03:06:07 UTC.
