Evonik and AU Optronics Corp. conclude strategic partnership
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Evonik Industries and AU Optronics Corp. (AUO) have agreed to take their successful business relationship to the next level of cooperation. Since 2008, the companies have been working together in Evonik Forhouse Optical Polymers (EFOP) joint venture that includes the operation of a plant which produces acrylic polymers for the TFT-LCD industry.
Today, they continue to pool their comprehensive expertise, focusing intensely on the growing solar, lighting, and other green energy markets. The non-exclusive agreement will focus mainly on research and development, production planning, and manufacturing. There are additional points of cooperation in such areas as PMMA recycling. Moreover, the EFOP joint venture is planning to double its PMMA capacity to about 85 kilotons.
“Above and beyond our current relationship, we are impressed by AUO’s strong capabilities in various applications and state-of-the-art manufacturing process management. Our main goal to establish the joint development program in Taiwan with AUO is to open up new application markets. To this end, we’re contributing our formidable expertise in lightweight construction, solar engineering, and electro mobility,” says Patrik Wohlhauser, Chairman of the Board of Management of Evonik Degussa GmbH.
"While we are developing our green energy solutions, we will need solid capability in material research and development. Evonik is a global leader in specialty chemicals. The joint research and development effort between AUO and Evonik will enable us to advance further and benefit everyone – the companies, our customers, and society in general”, adds KY Lee, Chairman of AUO.
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