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REDAVENUE NEWS | 2021-05-08

One-Two Punch of Red Avenue New Materials Layouts Electronic Chemicals Blueprint

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According to the development strategy of "One Body, Two Wings", we will accelerate the layout of electronic chemicals business. Red Avenue New Materials recently announced that through its wholly-owned subsidiary, Red Avenue Electronic Materials, it has acquired 45% of Beijing Beixu Electronic Materials Co., Ltd. for RMB 191.25 million. After acquiring a 35.54% stake in Beijing Kempur Microelectronics Co., Ltd., Red Avenue New Electronic Materials has further deepened its expansion in the field of electronic chemicals, extending its application fields from semiconductors to display materials, and laying out the electronic business blueprint.


Previously, BOE Technology Group Co., Ltd. publicly transferred 100% of its wholly-owned subsidiary Beijing Beixu Electronic Materials Co., Ltd. through the China Beijing Equity Exchange. A consortium formed by Red Avenue Electronic Materials, Shanghai Zhengfang Chemical Co., Ltd., and Tianjin Xianzhi Chain Investment Center (Limited Partnership), was publicly delisted through the China Beijing Equity Exchange, and jointly transferred 100% of the shares of Beixu Electronics, with a delisting price of RMB 425 million. Red Avenue Electronic Materials acquired 45% of Beixu Electronics as its largest shareholder with RMB 191.25 million. On December 4, 2020, the parties signed the Property Rights Transaction Contract.




Beijing Beixu Electronic Materials Co., Ltd., which was established in 1994, is specialized in the R&D, production and sales of organic positive photoresist. It is a leading enterprise on scientific and technological innovation in the field of materials science in China. It has built the first glue material production line of TFT-LCDArray positive photoresist in Mainland China. Beixu Electronics has completely independent development capabilities and can customize products according to customer process requirements. Existing products meet mainstream process requirements such as LTPS/OLED/IGZO flat panel displays.


To optimize the layout of the industrial chain and accelerate the business layout of electronic chemicals and environmental protection materials, Red Avenue New Materials established a wholly-owned subsidiary Shanghai Red Avenue Electronic Materials Co., Ltd. on June 11 this year, and acquired 35.54% of Beijing Kempur Microelectronics Co., Ltd., becoming the largest shareholder. Beijing Kempur Microelectronics Co., Ltd. was established in 2004, and its products include KrF (248nm), I-line, G-line, UV broad-spectrum photoresist and supporting reagents.

The raw materials of photoresist are mainly phenolic resin, solvents and other additives. The resin is a key component in the photoresist, and it plays a key role in the development of the photoresist at different technical nodes. The structure of the resin affects the resolution, process window, heat resistance, residual film rate, etc. of the photoresist. These indicators are all key parameters for whether the photoresist can be used in chip and flat panel display manufacturing.

Photoresist can be divided into three categories: semiconductor photoresist, panel photoresist and PCB photoresist, according to its downstream application fields.


At the beginning of this month, the first electronic chemicals zone in Shanghai was inaugurated and established in Shanghai Chemical Industry Zone. Red Avenue Electronic Materials, as the first batch of enterprises, settled in the Shanghai electronic chemicals zone, and will become an electronic chemical base with international influence in the future. As one of the first companies to settle in the zone, Red Avenue Electronic Materials plans to invest RMB 570 million in a photoresist project to build a production line with an annual output of 11,000 tons of photoresist for semiconductors, flat panel displays and 20,000 tons of Related supporting reagents. This production line is expected to be completed and put into production at the end of 2021. “The endogenous growth and extensional development can optimize the layout of the industrial chain and accelerate the business of electronic chemicals and environmental protection materials.” said Jianhui Zhou, the company’s principal. “This is good for the manufacturing of display panels and semiconductor chips. By the strong R&D capabilities, we can truly achieve the localized production of electronic chemicals in the special zone."

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About Red Avenue
Established in 1999, Red Avenue is one of the world's important chemical supplies and service providers for tire rubber