JSR will close its Taiwan factory and lay off employees; exit some LCD material markets

In response to changes in the market environment, JSR, a global liquid crystal panel (LCD) alignment film and color photoresist manufacturer, announced that it will withdraw from the LCD material market, close its Taiwan factory, reduce production capacity in South Korea, and implement layoff measures.

JSR issued a press release on the 14th after the Japanese stock market, announcing that it will withdraw from some LCD material markets in response to changes in the competitive environment in the LCD material market. JSR pointed out that it will end the sales business of Color Resist and PhotoSensitive Spacer in Taiwan and South Korea by the end of September 2021, and other LCD materials will continue to be sold in Taiwan and South Korea in the future Sales, and color photoresist and photosensitive gap particles will continue to be sold in the Chinese market.

JSR pointed out that it plans to close the factory of the Taiwan subsidiary JSR Micro Taiwan (JMW) at the end of March 2022. The protective film and insulating film products currently produced and supplied by the Chinese market will be transferred to Japan by the end of March 2022. Production is carried out at the factory (JSR Micro Kyushu) and the China factory (JSR Micro Changshu).

In addition, the South Korean subsidiary JSR Micro Korea (JMK) will reduce its production capacity and will change its production line from the current two-shift system to a day-shift system by the end of March 2022, and supply color photoresist and photosensitive gap particles required by the Chinese market. , Protective film and the insulating film will be transferred to Japanese factories and factories in mainland China.

JSR stated that with the implementation of the above reorganization measures, it plans to implement necessary staff reduction (layoff) measures for JMW and JMK by the end of March 2022.