Indichem Inc, a step-down subsidiary of Acutaas Chemicals Limited, has inaugurated a new semiconductor chemicals manufacturing plant in Gongju, Chungcheongnam-do, South Korea. The facility was completed within 11 months of its groundbreaking in September 2025.
The new plant strengthens Acutaas Chemicals’ presence in the semiconductor materials sector and establishes a two-country production model combining chemical synthesis in India with high-purity refining and testing in South Korea. The facility covers 16,513.7 square metres and includes three buildings comprising the main production block, headquarters, research and development and pilot plant facilities, and a warehouse. Additional land is available at the site for future expansion.
Indichem was established in 2025 as a joint venture between Acutaas Advance Material Limited (AAML), a wholly owned subsidiary of Acutaas Chemicals, and South Korea-based J & Materials Co Ltd. Under the joint venture agreement signed on June 27, 2025, AAML holds a 75% stake while J & Materials owns the remaining 25%.
AAML has invested KRW 30 billion, approximately ₹200 crore, in Indichem. The company’s operating model involves synthesising chemicals in India before refining, testing and qualifying them to semiconductor-grade standards in South Korea. The facility’s location provides access to major semiconductor and display manufacturing clusters and is intended to support customers in the region.
“By combining India’s core strengths in complex chemical synthesis with Korea’s expertise in ultra-high-purity refining, we have built a synergistic model that neither company could have executed alone,” said Naresh Patel, Chairman and Managing Director, Acutaas Chemicals Limited. “This marks a vital step in scaling our semiconductor materials business into a long-term growth engine for Acutaas.”
Jay Han, Chief Executive Officer, Indichem Inc, said the new facility represents the next stage of the partnership between the two companies. “Our approach has been the same from day one: we are not asking our customers to come to India — we are bringing India to Korea,” he said.
Indichem is headquartered in Dongtan, Gyeonggi-do, South Korea, close to the country’s major semiconductor and display production centres. The company focuses on specialty chemicals for the semiconductor and IT/display industries, with an initial focus on high-purity semiconductor materials.
The business aims to provide chip and display manufacturers with a supply chain combining Indian chemical synthesis with Korean refining and testing. The model is intended to improve supply resilience while providing customers with access to high-purity materials closer to their manufacturing operations.
Acutaas Chemicals Limited, formerly known as Ami Organics Limited, is headquartered in Surat, Gujarat. The company manufactures specialty chemicals and pharmaceutical intermediates for industries including pharmaceuticals, semiconductors, battery chemicals, personal care, agrochemicals and fine chemicals.
Its portfolio includes advanced pharmaceutical intermediates for regulated and generic APIs and intermediates used in new chemical entities. The company is also expanding into specialty chemicals for battery materials, semiconductor applications and next-generation electronic technologies.
