Degussa enters into research alliance with Korean partner

17-Sep-2004
Degussa AG and LG Chem, Ltd. have agreed on joint strategic research into the next generation of highly functional materials for electronics and IT applications. The aim is to develop products and systems solutions for and with the Korean chemicals company LG Chem. "Alliances at all stages in the value-added chain - with partners like LG Chem - allow rapid commercialization of scientific knowledge through marketable products and technologies," explains Dr. Alfred Oberholz, Member of Degussa's Board of Management and responsible for research and development. In technology-driven markets with rapid innovation cycles it is especially important to start working with customers on the development of new solutions as early as possible. LG Chem, Ltd., is the leading chemicals company in Korea. As part of the LG Group it manufactures a wide range of products, from petrochemicals and high value-added plastics to high-performance industrial materials. It is also expanding its chemical expertise in the field of high-tech materials for electronics and information technology, rechargeable batteries and display materials.

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