28 March 2011 10:36 [Source: ICIS news]
SINGAPORE--Japan’s Sumitomo Chemical Co and South Korea’s Samsung LED Co announced on Monday that they plan to establish a joint venture (JV) in South Korea for the manufacture of sapphire substrates for LEDs.
The JV will initially be involved in the research and development, manufacturing and sales of sapphire substrates, but will eventually become a comprehensive provider of LED-related materials, the companies said.
LEDs offer outstanding luminescent efficiency and colour rendition, along with low electrical consumption, and are used in a wide range of fields.
Further market growth for LEDs is expected, particularly in applications for LCD television backlights, interior lighting and automobiles, and demand for sapphire substrates and related materials is anticipated to increase, the companies added.
Last year, Sumitomo Chemical subsidiary Dongwoo Fine-Chem, which is based in South Korea, began the development of sapphire substrates and is upgrading its production facilities in an effort to commence commercial production as soon as possible.
By Hanmin Lee
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