Chemtura Corp. (CHMT) announced that it has acquired UP Chemical Co., Ltd.'s 50 percent stake in DayStar Materials LLC, a South Korean manufacturer and marketer of high-purity metal organic precursors for the rapidly growing LED market.
Chemtura now owns a 100 percent interest in DayStar, which will be a part of Chemtura's Organometallic Specialties or OMS business. DayStar was formed in 2011 as a joint venture of Chemtura and UP Chem.
Chemtura said it intends to establish fully integrated manufacturing, quality, service and distribution capabilities in Asia supporting the full, electronic-grade trialkyl product portfolio of trimethylgallium, triethylgallium, trimethylaluminum and trimethylindium.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.