Acutaas Chemicals Limited announced the inauguration of its step-down subsidiary, Indichem Inc.’s, semiconductor chemicals manufacturing plant in Gongju, South Korea. This state-of-the-art facility, completed in 11 months, will synthesize chemicals in India and refine them to semiconductor grade in South Korea, aiming to serve customers with ultra-high purity materials. The venture represents a significant strategic step in scaling Acutaas’s semiconductor materials business.
Acutaas Chemicals Limited: Subsidiary Inaugurates Semiconductor Materials Plant in South Korea
August 28, 2026 – Acutaas Chemicals Limited has officially announced the inauguration of its semiconductor chemicals manufacturing plant, operated by its step-down subsidiary, Indichem Inc., located in Gongju, South Korea. This marks a significant milestone for the company’s expansion into the high-growth semiconductor materials sector.
Key Highlights of the New Facility
- State-of-the-Art Facility: The semiconductor materials plant in Gongju, Chungcheongnam-do, South Korea, was completed in a rapid 11 months following its groundbreaking on September 29, 2025.
- Expansive Footprint: The facility spans 16,513.7 sq. m. across three buildings, including a main production block, combined headquarters/R&D/pilot plant, and a warehouse, with provisions for future expansion.
- Strategic Venture: Indichem Inc. is a joint venture where Acutaas Advance Material Limited (“AAML”), a wholly owned subsidiary of Acutaas Chemicals Limited, holds a 75% stake, with J & Materials Co. Ltd holding the remaining 25%. AAML has invested KRW 30 billion (approximately ₹200 crore) in Indichem Inc.
- Synergistic Two-Country Model: The operational model involves synthesizing chemicals in India and refining, testing, and qualifying them to semiconductor grade in South Korea, ensuring proximity to customers and enabling operational and technological synergies.
- Ultra-High Purity Standards: The plant is designed to meet demanding parts-per-billion purity levels essential for niche semiconductor materials, requiring deep technical expertise and rigorous quality control.
Management Commentary
Mr. Naresh Patel, Chairman & Managing Director of Acutaas Chemicals Limited, expressed his excitement: “We are thrilled to inaugurate the Gongju plant just eleven months after breaking ground… By combining India’s core strengths in complex chemical synthesis with Korea’s expertise in ultra-high-purity refining, we have built a synergistic model that neither company could have executed alone. This marks a vital step in scaling our semiconductor materials business into a long-term growth engine for Acutaas.”
Mr. Jay Han, Chief Executive Officer of Indichem Inc., added: “Our approach has been the same from day one: we are not asking our customers to come to India – we are bringing India to Korea. I believe this is a starting point of long journey in this partnership of creating one of the leading semiconductor materials company in Republic of Korea.”
About Indichem Inc.
Indichem Inc., incorporated in 2025, is a South Korean company formed as a joint venture between Acutaas Advance Material Limited and J & Materials Co., Ltd. The company specializes in manufacturing specialty chemicals for the semiconductor and IT/display industries, focusing on high-purity chemicals. Its objective is to provide global chip and display makers with a resilient and geographically diversified supply chain.
About Acutaas Chemicals Limited
Acutaas Chemicals Limited, formerly Ami Organics Limited, is a research-driven specialty chemicals manufacturer. The company serves the pharmaceutical, semiconductor, battery chemicals, personal care, agrochemical, and fine chemicals industries, with a core strength in advanced pharmaceutical intermediates and an expanding portfolio in high-value specialty chemicals for emerging technologies.
Source: BSE
