Tokyo Ohka Kogyo Co., Ltd. (TOK) has decided to acquire land for a new factory in South Korea. Specifically, its subsidiary TOK Advanced Materials Korea (TOKAM) will acquire the factory site in Pyeongtaek City in Korea’s Gyeonggi Province.

The company established TOKAM in 2012 as its photoresist research, development, manufacturing, and sales base in South Korea. Apparently, the move is in line with its effort to boost customer relationships.

Increasing Capacities

Tokyo Ohko Kogyo said the land subject of the acquisition is about 55,560sq.m with value of approximately ¥3.1 billion. Moreover, the new factory will promote smart factory transformation by installing automation and labor-saving systems. Thus, it will maximize the synergies of its existing Incheon factory in preparation for future business expansion. 

Accordingly, the company will start the construction of the new factory site in 2027. Although the company is yet to detail the scale of operation, it foresees the start of operations in 2028. 

Presently, TOKAM is increasing its production capacity for semiconductor photoresists. Through these investments, the company expects to meet the demand of the next growth wave of the semiconductor industry.

The company plans to make a record ¥27 billion in capital investment for the full fiscal year ending December 2024.

The company group is accelerating strategic investments in line with its “TOK Vision 2030.” In Japan, it is currently constructing a new factory in Kikuchi city in Kumamoto. The company expects to finish the construction in the first half of 2024 and will start operating in the first half of next year.

In addition, a new building will be constructed at the Koriyama Plant (Koriyama City, Fukushima Prefecture) in order to increase the production capacity of semiconductor photoresists toward 2030. Moreover, the new photoresist manufacturing facility will be one of the largest in Japan. Thus, achieving the world’s highest quality and high production efficiency. 

-22 March 2024-