Lotte Chemical affiliate, Handuk Chemical, commenced construction on a new production facility in Pyeongtaek, South Korea, on November 19th. The plant will focus on increasing the production of tetramethylammonium hydroxide (TMAH), a crucial chemical used in the manufacturing of semiconductors and displays. This expansion aims to meet the growing demand for these essential materials driven by the booming technology sector. The new facility is located in the Poseung district of Pyeongtaek city. Handuk Chemical anticipates the plant will significantly bolster its capacity to supply high-purity TMAH to domestic and international clients. The investment reflects Lotte Chemical’s commitment to strengthening its position in the advanced materials market and supporting the semiconductor industry’s growth. Further details regarding the plant’s capacity and completion date were not immediately available.