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Nagase & Co ( (JP:8012) ) has issued an announcement.
Nagase & Co. will establish a new subsidiary, Nagase Circrea (Wuxi) New Material Co., Ltd. (temporary name), in Wuxi, China, to manufacture high-purity chemicals for semiconductors, aligning with its ACE 2.0 strategy to reinforce manufacturing capabilities in its core semiconductor focus business. Capitalized at US$30 million and owned 60% by Nagase and 40% by its existing subsidiary SACHEM Wuxi, the new company is intended to meet rapidly growing demand for advanced semiconductors in Asia, with the firm stating that the financial impact for the fiscal year ending March 31, 2026, is expected to be minimal.
More about Nagase & Co
Nagase & Co., Ltd. is a Japan-based trading and manufacturing company listed on the Tokyo Stock Exchange Prime Market, active across trading, manufacturing, and research functions. Under its Medium-Term Management Plan ACE 2.0, the company focuses on strengthening four business categories—Foundation, Focus, Development, and Improvement—with a particular emphasis on the semiconductor sector as a key focus business, including high-purity chemicals for advanced semiconductor applications in Asia.
Average Trading Volume: 200,803
Current Market Cap: Yen445.9B
For an in-depth examination of 8012 stock, go to TipRanks’ Overview page.