News Releases

HOME > News Releases > 2000.09.07

7 September 2000

Guidance of new life SpeedFam


The SpeedFam joint stock company, which supports the high tech industry, builds a firm position in the development / production / sales / manufacture of single side / double side abrasive systems for semiconductors, liquid crystals, alternate crystals, and magnetic disk applications for precision flatness.
We have cancelled our joint venture since its establishment by Obara Corp. and SpeedFam -IPEC Inc. to become a 100% investment subsidiary of Obara. Under this new arrangement both sides will have more concentration in the their chosen fields and can deepen relationships of mutual trust with their end users more than before to meet demands quickly.
The three main points of this joint venture cancellation are:
  • All the stocks which SpeedFam-IPEC owned were handed over to Obara. By this, we became a 100% subsidiary of Obara.
  • A business transfer to SpeedFam-IPEC was completed with our CMP business.
  • SpeedFam continues our abrasive equipment for industrial machinery / magnetic disks, consumables (lapping / polishing plates), carriers, and pads, DCP device (non-contact numerical control dry flattening systems), after-sale service and all other related businesses including semiconductor except CMP business.
SpeedFam will continue its global network to meet demands of customers by its offices in Korea and Singapore as itsbranches, Taiwan and Inida as subsidiaries, and also by a sales agency of SpeedFam-IPEC again in U.S.A. (Arizona) and Europe (U.K. and Germany).
In addition, Hiroshi Obara who was the president representative director has taken the office as chairman representative director, and Ryosuke Tojo who was an senior managing director has taken the office as president representative director.

BACK | NEXT