Producer
JNC Corporation
Japanese liquid-crystal maker (formerly Chisso); ~25% of display LC materials. Sold its JNC Suzhou LC business and patents to China’s HCCH in March 2025.
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Liquid crystal materials
Specialty & functional chemicals
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Did you know2026
The high-tech material in nearly every LCD screen is made by the direct heir of one of history's worst industrial poisoners. JNC Corporation, which produces roughly a quarter of the world's display liquid-crystal materials, is the corporate successor of Chisso — the company behind Minamata disease, caused by decades of methylmercury discharge into Minamata Bay that poisoned tens of thousands. In a 2011 restructuring, Chisso hived off its profitable chemicals/liquid-crystal business as JNC while the parent retained the Minamata liability, explicitly planning to take JNC public and sell its stake to fund victim compensation. So JNC's liquid-crystal profits are a funding source for the still-ongoing payments for the disaster its predecessor caused — a screen material with a hidden human-rights and environmental lineage. [verify: Chisso/Minamata/2011 JNC spinoff/IPO-for-compensation confirmed; JNC top-3 LC maker ~25% reasonable]
Wikipedia ↗Chokepoint2018
Display liquid crystals come from a tiny oligopoly — Germany's Merck (~60% share) plus Japan's JNC and DIC, the three together holding ~60-70% of a material essential to every LCD panel. That concentration is now shifting east: in March 2025 JNC sold its Suzhou LC business and patents to China's HCCH (Jiangsu Hecheng), mirroring how Chinese panel makers (BOE, CSOT) have steadily pulled the upstream display-materials supply chain toward China. A niche, three-supplier input that the entire display industry quietly depends on is migrating to Chinese ownership — completing the panel-to-materials localization that began with the LCD fabs themselves. [verify: Merck/JNC/DIC LC oligopoly + Mar-2025 JNC Suzhou sale to Hecheng/PhiChem confirmed]
IndustryWeek ↗