Displaying a flair for joint ventures
SKC Ltd., Korea’s leading manufacturer of chemicals, film and display materials, said yesterday that it will establish a display materials-related joint venture with U.S.-based chemical manufacturer Rohm and Haas Co. To that end, the company plans to spin off its display materials business unit, it said.According to SKC, Rohm and Haas will invest up to $190 million for the joint venture and own 51 percent of the new entity, with the remainder held by SKC. SKC said it expects 52.5 billion won in gains from equity ties with the joint venture.
Yonhap
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)