# Formosa Plastics and Daicel form joint venture for photoresist thinner production

Formosa Plastics Corp and Daicel Corp established a 50-50 joint venture, Formosa Daicel Advanced Chemicals Co Ltd, with initial paid-in capital of NT$800 million, to produce electronic-grade photoresist thinner. The plant will be built at Formosa Plastics' facility in Kaohsiung's Renwu District, with production expected to begin in December 2028.

- Type: Partnership
- Announced: 2026-08-11
- Where: Kaohsiung, Renwu District, TWN
- Value: $24.8M (800.0M TWD)
- Status: announced
- Products: electronic-grade photoresist thinner
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Formosa Daicel Advanced Chemicals](https://endata.com/companies/93530.md)
- [Formosa Plastics Group](https://endata.com/companies/22388.md) (partner)
- [Daicel Corp.](https://endata.com/companies/23091.md) (partner)

## Sources

- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2026/08/13/2003862390), 2026-08-12: "The joint venture would leverage its resources, including materials procurement, land and public facilities, to establish a local supply system."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.