AU Optronics (AUO) and Evonik have consolidated their business relationship by signing a solar and green energy planning, manufacturing and research and development deal. The non-exclusive agreement will see both companies pool their resources in an attempt to increase their presence in the renewable energy market.
The companies have previously worked together on a project producing acrylic polymers for the TFT-LCD industry, but this is their first join foray into the planning and development of solar energy products.
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“Above and beyond our current relationship, we are impressed by AUO's strong capabilities in various applications and state-of-the-art manufacturing process management. Our main goal to establish the joint development program in Taiwan with AUO is to open up new application markets. To this end, we're contributing our formidable expertise in lightweight construction, solar engineering, and electro mobility,” said Patrik Wohlhauser, chairman of Evonik's board of management.
“While we are developing our green energy solutions, we will need solid capability in material research and development. Evonik is a global leader in specialty chemicals. The joint research and development effort between AUO and Evonik will enable us to advance further and benefit everyone – the companies, our customers, and society in general”, said AUO's chairman, KY Lee.