Elga Europe

What Elga Europe does

Elga Europe s.r.l. is an Italian specialty chemicals manufacturer focused on dry-film photoresists and ancillary chemistry for the printed circuit board (PCB) industry. Founded in 1973 and headquartered in Nerviano (Milan), with manufacturing concentrated in Pogliano Milanese, the company operates as a wholly-controlled subsidiary of Eternal-Group following Eternal's 2017 acquisition of a majority stake. Its core technology is dry-film photoresist production — claimed to be the only European dry-film manufacturer with 100% production in Italy — with thickness tolerances of ±1µm across a 10–125µm range, supported by four in-house laboratories covering R&D, semiconductor analytics, QC and after-sale customer service. The product portfolio spans 15+ dry-film grades (Ordyl Alpha, AM, FLR, FP, AF, P50000 series, plus Etertec ultra-high-resolution films), wet resists, developers/strippers, surface preparation and plating chemistry, ultra-pure TMAH semiconductor develop solutions (NMD-W, NMD-3), HTE copper foil (slit from Chang Chun Petrochemical master rolls), and soldermask products.

The business model is B2B specialty-chemicals manufacturing sold primarily through a regional distributor network across Europe and MENA (France, Germany, Spain, UK, Italy, UAE/Gulf, Egypt, Israel, Scandinavia, Russia/Belarus, Switzerland), with direct sales reserved for Italy and wholly-owned subsidiaries covering the UK and Switzerland. Pricing is not publicly disclosed; transactions occur via direct contact with the company or through authorized channel partners. Primary customers are PCB manufacturers using dry-film resists for inner-layer, LDI exposure, Ni-Au plating, chemical milling, electroforming and packaging applications, with secondary exposure to semiconductor manufacturers requiring ultra-pure TMAH and to chemical-milling shops processing stainless steel. Manufacturing is ISO 9001 and ISO 14001:2015 certified, and the company emphasizes 100% Italian production, short lead times, custom slitting to customer specification, and in-house technical support as core commercial differentiators.

Name

Elga Europe

Legal name

Elga Europe s.r.l.

Website

https://elgaeurope.it

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Nerviano

HQ country

Italy

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Dry Film Products: Manufacturing and sale of dry films for PCB production including Ordyl® brand products for various applications (LDI, standard UV, ultra-high resolution, chemical milling, packaging). Products include Alpha, AM, FLR, FP, AF, and P50000 series.
2. Chemistry Products: Auxiliary chemicals for dry film processing including developers, strippers, antifoams, surface preparation chemistry, plating process chemistry, and cleaning solutions.
3. Semiconductor Development Solutions: NMD-W and NMD-3 are TMAH solutions for semiconductor industry production, with NMD-W containing surfactants and NMD-3 without.
4. HTE Copper Foil: High purity copper foil imported from Chang Chun Petrochemical (Taiwan) and cut/slit in Italy to customer specifications.
5. Wet Resist Products: ELGA LR 3600h wet resist for horizontal type gravure roller coater in PCB mass production.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Elga Europe researches, develops and manufactures dry film photoresists and ancillary chemistry for the printed circuit board industry, with 100% production in Italy. Its portfolio includes the Ordyl® brand of dry films (Alpha, AM, FLR, FP, AF and P50000 series) covering LDI, standard UV, ultra-high resolution, chemical milling and packaging/electroforming applications, plus wet resist (ELGA LR 3600h), developers, strippers, antifoams, surface preparation, plating and cleaning chemistry, semiconductor TMAH solutions (NMD-W, NMD-3), HTE copper foil and soldermask products.

Product overview

Elga Europe is a European manufacturer of dry films and chemical products for the printed circuit board (PCB) industry. The company offers a diversified portfolio organized into several product categories: (1) Dry Films under the Ordyl brand including standard films (Alpha series), LDI-compatible films (FLR series, AM series), ultra-high resolution films (FP series, Etertec UDH series), and specialty films for chemical milling (AF series) and packaging/electroforming (P series); (2) Wet Resist products (ELGA LR 3600h); (3) Auxiliary chemistry including developers (K45/K70), strippers (300/5000/5600), and antifoams (C/T3); (4) Surface preparation chemistry including acid cleaners and microetch products (Technietch, Techniclean); (5) Plating process chemistry including acid copper (Cu230), matt tin (ELGATIN TL), and microetch (Microtech 3100); (6) Cleaning solutions for equipment maintenance; (7) Semiconductor develop solutions (NMD-W/NMD-3); (8) HTE Copper Foil; and (9) Soldermask products. The company operates from Italy with manufacturing facilities for dry film production, maintaining quality certifications for environmental management.

Differentiator

Problem solved

Functional benefit

Products and services

• Ordyl Alpha 800 Negative, aqueous universal dry film for common PCB applications. Can be exposed with LDI or standard UV lamps, developable/strippable in mildly alkaline solutions, particularly recommended for innerlayers.
• Ordyl Alpha 900 Negative, aqueous universal dry film with extremely flexible/high conformability and good through cure polymerization for common PCB applications.
• Ordyl AM 100 Negative, aqueous dry film designed for LDI exposure (usable with standard UV lamps), with good adhesion on copper surfaces for direct plating processes.
• Ordyl Alpha 300 Negative, aqueous dry film with extreme resistance in alkaline solutions and high resistance in Ni-Au plating; for alkaline etch and galvanic Ni/Au processes.
• Ordyl AM 100DI Negative, aqueous LDI dry film with strong copper adhesion for direct plating processes.
• Ordyl FLR 1000 Negative, aqueous LDI dry film with excellent through cure polymerization over 50 µm resist thickness.
• Ordyl FLR 4000 Negative, aqueous LDI dry film with excellent through-cure polymerization and high photospeed.
• Ordyl AM 900 Negative, aqueous dry film for 405 nm wavelength sources, double wavelength systems and standard UV sources.
• Ordyl FP 400 Negative, aqueous ultra-fine line dry film for LDI and standard UV lamps with resolution up to 1:2 ratio.
• Etertec UDH5600 Negative, aqueous ultra-high resolution dry film for UV laser direct imaging (365 and 405 nm) in IC substrate production, formulated for acid plating and etching.
• Ordyl P50000 Negative, aqueous dry film for packaging applications, with minimum thickness 100 µm to avoid double lamination; for direct plating requiring high thickness depositions.
• Ordyl AF 200E Negative, aqueous dry film for chemical milling applications on stainless steel and metallic alloys, with superior resistance in strongly acid solutions.
• ELGA LR 3600h Wet Resist Blue, negative-working, UV-imageable liquid photopolymer designed for horizontal-type gravure roller coater in mass production of fine-line PCBs.
• DEVELOPER K45 and DEVELOPER K70 Highly concentrated potassium carbonate solutions for developing all aqueous dry film resists and photoimageable solder masks.
• Ordyl Stripper 5600 Alkaline, fully aqueous solvent-free dry film stripper concentrate for stripping all commercially available aqueous dry film resists in conveyorized spray or immersion systems.
• Ordyl Stripper 5000 Alkaline, fully aqueous solvent-free stripper for all commercially available aqueous dry film resists; leaves metal surfaces bright.
• Ordyl Stripper 300 Highly alkaline liquid concentrate for removal of aqueous dry films and alkaline processable inks; for agitated, still soak or ultrasonic-assisted immersion stripping.
• Ordyl Antifoam C Highly concentrated liquid antifoam for alkaline dry film developing and stripping solutions.
• Ordyl Antifoam T3 Lightly concentrated liquid antifoam for alkaline dry film developing and stripping solutions with excellent free-rinsing properties.
• Acid Cleaner 100 Organic acid-based acid cleaner with non-hazardous surfactants for degreasing all common metals including magnesium and aluminum; fluoride-free.
• Technietch D-688TC Organic-acid-based copper microetch for wide pre-treatment applications, producing optimum copper topography for dry film, soldermask and HAS.
• Technietch 1118 Ammonia-free persulfate microetch providing improved topography over standard persulfate/peroxide chemistry for electroless and electroplated copper.
• Techniclean 688 Liquid acid cleaner formulated to remove oxides, fingerprints, light oils and other soils from copper or copper alloys in soak or spray applications.
• Acid Cleaner 230E Acid cleaner for cleaning copper surfaces in conveyorized spray machines, providing copper preparation for plating without attacking Ordyl dry films.
• Microtech 3100 Copper etchant for pre-treatment cycles prior to electroless copper deposition and acid copper plating, effective on electroless and electroplated copper.
• Acid Copper Cu230 High-throw, micro-levelling acid copper electroplating process for through-hole PCB applications, producing fine-grained high-purity ductile copper deposits.
• ELGATIN TL Matt tin plating solution (sulphate system) producing smooth, white, fine-grained tin deposits for rack, barrel, strip or wire line plating.
• Stripper OS 243 Fast, single-stage stripper for tin and tin-lead deposits in PCB fabrication, free of complexing agents, fluoride, fluoborates, peroxides and ammonia.
• CL-DF-ST-I-EE Acid Solution Cleaning solution for decontaminating dry film resist developing/stripping machines and rinse modules in two-step cleaning process with the alkaline solution.
• CL-MDF-ST-I-EE Alkaline Solution Cleaning agent for tin and tin/lead stripping machines, rinse modules and dry film stripping machines used in two-step cleaning.
• LSL-ST-I-EE Solder Mask Stripper Formulated for stripping solder mask even after final curing, allowing recoating without attacking basic material or copper.
• DFR Equipment Cleaner Acid-solvent-based, water-soluble ready-to-use cleaner for dry film resist residue decontamination in developing/stripping machines.
• NMD-W and NMD-3 Semiconductor Develop Solutions Ultra-pure TMAH develop solutions (NMD-W with surfactants, NMD-3 without) standardized to the third decimal place in ultra-pure water for semiconductor wafer processing.
• HTE Copper Foil High purity copper foil (produced by Chang Chun Petrochemical) with very good mechanical properties, solder and chemical resistance, cut in Italy to customer specifications.
• RS-2000 Soldermask ABQ soldermask product for PCB applications.
• Resistechno SY300 Permanent Dry Film Permanent dry film for MEMS and biochips applications.

Quantifiable outcome

• Thickness tolerance of ±1µm and width tolerance of ±1mm/±⅛ inch
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• EternalcoreStrategic or Co-development Partner · 1 January 2013In 2013, Elga Europe and Eternal formed a joint venture whereby Eternal acquired a minority stake in Elga Europe. From January 1, 2014, Eternal dry film products were stocked, distributed, and technically supported by Elga Europe in the European market. Starting from 2017, Eternal owned the majority of Elga Europe shares and signed the joint of Elga Europe in Eternal-Group.
• Tokyo Ohka Kogyo (T.O.K.) JapancoreTechnology or Integration · 1 January 2010Joint venture with T.O.K. Japan started in 1995 for manufacturing dry film. T.O.K. Japan provided production technology. Joint venture ended in 2010 and Elga Europe acquired all shares and owned the manufacturing site. Elga Europe's R&D activities have been fully independent since 2003.
• Chang Chun Petrochemical (CCP)minorChannel Partner/ Reseller/ DistributorHTE Copper Foil is produced by Chang Chun Petrochemical in Taipei, Taiwan. Elga Europe is marketing responsible for Europe, importing master rolls which are cut in Italy to customer specifications.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Eternal Materials (長興材料): Taiwan-based parent company and global dry film photoresist manufacturer. Eternal is the direct parent of Elga Europe and operates in the same product category (dry film for PCBs), making it the closest comparable peer.
• Asahi Kasei (Electronic Materials Division): Japanese diversified chemical manufacturer with significant photoresist and electronic materials business. Competes with Elga in dry film and photoresist for PCB and IC substrate applications globally.
• MacDermid Enthone Electronics Solutions (Element Solutions): Global supplier of chemistry and equipment for PCB and electronics manufacturing. Competes with Elga across plating chemistry, surface preparation, and auxiliary PCB chemistry product categories.
• Chang Chun Petrochemical: Taiwanese chemical manufacturer and existing supply partner to Elga Europe for HTE copper foil. Also produces photoresist and PCB chemistry, making it both a partner and a direct competitor in adjacent electronic materials.
• Tokyo Ohka Kogyo (TOK): Japanese specialty chemical manufacturer of photoresists and electronic materials. Former JV partner of Elga Europe (1990-2010) and a global leader in photoresist technology, directly comparable in core dry film/photoresist offerings.
• Atotech (MKS Instruments): Global supplier of specialty chemicals and equipment for PCB and semiconductor manufacturing, including plating chemistry. Direct competitor to Elga's surface preparation and plating chemistry product lines.

Emerging players

• Kolon Industries: Korean chemical and materials manufacturer producing dry film photoresist and electronic chemicals for PCB applications. A regional peer competing with Elga in the European PCB materials market from an Asian production base.

Broad incumbents

• JSR Corporation: Japanese specialty chemical and materials company with leading photoresist and electronic materials business. Competes with Elga in lithography materials including photoresists for PCB and semiconductor applications.
• Resonac (formerly Hitachi Chemical/Showa Denko): Japanese chemical manufacturer with significant PCB materials and dry film business. Competes with Elga in dry film photoresists and broader PCB materials as part of a large diversified chemicals portfolio.
• DuPont Electronics & Industrial: Major global materials supplier offering photoresists, dry films, and electronic chemicals. Competes with Elga in the dry film and PCB chemistry space as part of a much broader chemicals and materials portfolio.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elga-europe-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elga Europe