Rohm and Haas, SKC plan S Korea flat panel JV

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 South Korea and include SKC’s display technologies business, which would be spun off into a separate legal entity, the US specialty chemicals maker said.

 

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)

By: Stefan Baumgarten
+1 713 525 2653

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