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Hitachi Chemical's Copper-Clad Laminate Subsidiaries Converted into Wholly-Owned
March 28, 2016 | Hitachi Chemical Co., Ltd.Estimated reading time: 1 minute
Hitachi Chemical Co., Ltd. announces the acquisition of a 25% stake each in its two subsidiaries, Hitachi Chemical Electronic Materials (Hong Kong) Limited and Hitachi Chemical Electronic Materials (Guangzhou) Limited, from MTG Laminate (BVI) Limited to convert them into wholly-owned subsidiaries, effective March 18, 2016.
In November 2011, Hitachi Chemical raised its shares in the two subsidiaries that manufacture copper-clad laminates for printed wiring boards to 75% to include as consolidated subsidiaries. This allowed Hitachi Chemical to establish supply systems for copper-clad laminates in the southern and eastern parts of China, major production areas for multilayer wiring boards and semiconductor-related packages used for servers and routers in IT infrastructure as well as high-density wiring boards for modules, offering the opportunity to expand market sales in China and Taiwan region.
At the present time, Hitachi Chemical has acquired an additional 25% stake in both its subsidiaries from MTG Laminate (BVI) Limited to integrate these companies as wholly-owned subsidiaries and enhance its business base in the copper-clad laminate division of Hitachi Chemical Group while taking advantage of the Group's resources. This integration will facilitate quick decision-making and accurate understanding of market trends and needs, contributing to higher levels of customer satisfaction.
Hitachi Chemical will further strengthen and expand its copper-clad laminate business and continue to provide products that meet customer needs.
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