On June 7th, Degussa AG and Xi'an Manareco New Materials Co., Ltd. announced an agreement to increase capital for Degussa Electronics Materials (China) Co., Ltd. located in Chengdu, Sichuan Province, China. After the capital increase, Degussa Group and Xi'an Manareco will hold 80% and 20% of the shares in DECG, respectively. It is understood that after the joint venture company is established, DECG will take over the sales function of Japan's Degussa AG to OLED display companies in China and deepen its relationship with Chinese display companies through localization of business.
出光兴产与西安瑞联达成协议，共同成立合资公司
Idemitsu Kosan and Xi'an Ruilian reached an agreement to jointly establish a joint venture.
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