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Chemtura buys out partner in South Korean LED materials JV

12:32 PM MDT | May 15, 2013 | Deepti Ramesh

Chemtura says it has acquired UP Chemical’s (Pyeongtaek, South Korea) 50% stake in their DayStar Materials (Pyeongtaek) joint venture. DayStar was formed in 2011 as a 50-50 jv of Chemtura and UP Chemical, and it manufactures and markets high-purity metal organic precursors for the rapidly growing light-emitting diode (LED) market. Chemtura now owns a 100% interest in DayStar, which will be a part of Chemtura’s organometallic specialties (OMS) business and a key element in OMS’s strategy to create a sustainable competitive advantage through...

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