We are extremely proud to announce the establishment of a strategic partnership with OSG Coating Services Co, Ltd, a publicly traded Japanese company, that manufactures tools for various industries globally.
The collaboration agreements comprise a minority investment of OSG in Coat-X’s capital, as well as the establishment of a joint venture in Japan (Coat-X Japan Co, Ltd). The newly formed entity will be established within the premises of OSG in Toyokawa, and will start serving the Asian market with Coat-X’s solutions directly from this new coating center at the beginning of 2022.
This collaboration marks a very important step in the development of Coat-X. It allows us to strengthen our capacity to serve existing customers, and it gives us a privileged access to the Asian market, including new industries where we are not present currently but where OSG already has a strong presence. Joining forces with OSG represents a unique opportunity to keep innovating and bringing high performance barrier coating solutions to new industries. A robust collaboration has already started through multiple projects. Things recently accelerated with the training of Matsuzawa Kohsuke and Takeichi Satoshi in La Chaux-de-fonds (see picture below). Once back to Japan, they will be the first employees of Coat-X Japan.
With commercial presence in 33 countries and production facilities in 17 of these, OSG is an exceptional partner for Coat-X to keep developing innovative thin film coatings, and to bring our technologies to many different industries where fast changing environment triggers the need for high performance miniaturized encapsulation solutions. Read more about OSG: