OCI, a Korean producer of polysilicon has agreed to sell the 49.1% stock it holds of its group company and specialty gas producer OCI Materials (Min-Kyu Lim, president) to the major Korean financial conglomerate SK Holdings on January 24. The price tag of the sale comes to 460 billion won.

For some time now OCI had been seeking to sell off OCI Materials for the purpose of procuring funds for its main business, its polysilicon business. This resulted in its reaching of an agreement with SK. SK, head of a group of companies, handles chemical business as its core, and is expanding its other various businesses such as SK Hynix, the major semiconductor producer, and SK Air Gas, a joint venture with Taiyo Nippon Sanso (SK:80%, Taiyo Nippon Sanso 20%). OCI Materials has the world’s largest NF3 production capacity, and also has specialty gases such as silane and tungsten hexafluoride (WF6) in its product lineup.