Investment
Finnish Industry Investment Ltd, a government-owned fund, along with Swedish Innovations Kapital and British Tempo Capital Partners, have invested €6 million in Silecs Oy of Espoo, Finland.
Silecs develops chemicals and coating materials for the semiconductor industry that are used in flat-panel televisions, digital cameras, solar cells, LED light applications and memory cards for consumer electronics appliances. The company’s customers are semiconductor and advanced electronics manufacturers in the Asia-Pacific region.
The technology helps to enhance process yield, performance, picture quality and colour fidelity. It will use the new money to strengthen its sales and marketing. “The global market for related electronic material and chemicals is forecast to reach $35 billion by 2010. We are well positioned in this growing sector,” said Silecs CEO Kok-Whee Teo.
“Silecs has made a global breakthrough in extremely demanding hi-tech applications,” said Henri Grundstén, Finnish Industry Investment’s Director.
Silecs Oy was set up in 2001 and has a plant and R&D facilities in Espoo, Finland, and subsidiaries in Singapore and Hong Kong.
Finnish Industry Investment Ltd is a government-owned company that invests the proceeds from the privatisation of state-owned companies to stimulate the growth and internationalisation of Finnish businesses.
http://www.industryinvestment.com/
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