Rayzher Industrial Co (銳澤), which specializes in installing mains systems and gas pipelines to transmit utilities for semiconductor manufacturers, yesterday said it has formed a strategic partnership with Japan’s Crest Technologies Co as it seeks to enhance overseas operations to expand revenue.
Rayzher last year set up a new Japanese unit, following in the footsteps of key customer Taiwan Semiconductor Manufacturing Co (台積電), which plans to build a second plant in Kumamoto later this year to produce chips made with 6-nanometer process technology after the first fab entered volume operation last year.
Based in Hsinchu County’s Jhubei City (竹北), Rayzher also counts US-based Micron Technology Inc and Taiwan’s Vanguard International Semiconductor Corp (世界先進) among its customers.
Photo: Screen grab from Rayzher Industrial Co’s Web site
To fund its rapidly expanding business, Rayzher’s Japanese unit launched a rights issue to more than double its share capital to ￥200 million (US$1.4 million) from ￥76 million.
Crest has subscribed to some of the newly issued shares and secured a 20 percent stake in Rayzher’s Japanese unit, Rayzher said in a statement.
The collaboration with Crest would help boost Rayzher’s service capacity in Japan, and boost its support for customers from Taiwan and for Japanese customers with manufacturing facilities in the country, the statement said.
Additionally, Rayzher expects to leverage Crest’s experienced engineering teams and close connections with local customers to help it secure more projects targeting high-technology manufacturing facilities in Japan.
Crest, based in Nagoya, specializes in the maintenance of industrial machinery and production facilities, the company’s Web site says.
Rayhzer would team up with Crest to help customers install submain systems and industrial process gas piping systems connecting plant equipment to process equipment, as well as providing turnkey solutions, the statement said.
The submain systems include gas supply equipment such as gas chromatography devices, valve manifold boxes and purification gas systems.
With the partnership, Rayhzer aims to shore up its revenue from overseas expansions, the company said.
The company has said that most Taiwanese firms are facing challenges sourcing skilled engineering talent when expanding overseas.
Rayzher is banking on the resources of its parent company, Acter Group Co (聖暉), to expand its business in Southeast Asia, where Acter has built a strong presence.
In Japan, Rayzher’s strategy is to team up with local electric equipment service providers, it said.
Rayzher is in the process of setting up a US unit after launching a Singaporean unit last year, following in customers’ footsteps for expanding global deployment.
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