Sep 21 2004
Degussa AG, Dusseldorf, Germany and LG Chem, Ltd., Seoul, Korea, 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.
Innovation and intelligent linking are Degussa’s core competencies. That includes collaborating with customers as well as universities. “Strategic alliances are a key to gaining and main-taining new market positions in the global marketplace,” says Dr. Oberholz. Degussa is planning to step up its research capacity in Asia significantly and Korea is to be integrated into the Group’s global R&D network.
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