14 August 2007 19:18 [Source: ICIS news]
TORONTO (ICIS news)--Rohm and Haas said on Tuesday it would invest $190m (€139m) in a planned joint venture with South Korea’s chemicals major SKC to develop and market films for use in liquid crystal (LCD) and plasma flat panel displays.
The joint venture would be located in ?xml:namespace>
Rohm and Haas would have a 51% majority stake in the venture. Sales in the first year of operations were expected to reach $300m, it said.
Following completion of the transaction in the fourth quarter, Rohm's flat panels display technologies business would consist of the South Korea joint venture, its process chemicals business, and the optical display films operations it recently acquired from Eastman Kodak, a company spokesman said.
($1 = €0.73)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|