China's SEG Samsung Glass to invest 27.6 mln usd in STN-ITO glass project

Shenzhen SEG Samsung Glass Co Ltd (SZA 000068) said it will invest 27.6 mln usd in a project to produce STN-ITO glass, a component in flat panel displays.

The annual capacity of the project is expected to reach seven mln units, the company said.

SEG Samsung plans to spend 13 mln usd to purchase production technology and equipment for the project from Samsung Corning Co Ltd, a joint venture between Korea's Samsung Group and US-based Corning Inc.

Samsung Corning Investment Co Ltd, a unit of Samsung Corning Co Ltd, holds a 21.37 pct stake in SEG Samsung.

Samsung Group has a technological co-operation agreement with SEG Samsung, but holds no stake in the company.

The company said the project is still pending approval from shareholders.

600450 China's SEG Samsung Glass to invest 27.6 mln usd in STN-ITO glass project

See more news about:

Others also read

Owners of Lincoln Glass in Newport, Dan and Elayne Mason, celebrated their 50th anniversary in the business this year. Dan's parents, John and Grace Mason, established Lincoln Glass in 1956 and oversaw day-to-day operations for 20 years.
Potters Industries Inc., an affiliate of PQ Corporation, announced today that, effective February 15, 2007, the price on all Metal Finishing Glass Bead and Ground Glass product shipments will increase up to 3 cents a pound.
Edward A. Shriver Jr., a Pittsburgh architect who works in retail store design, encourages architects and retail owners alike to "think outside the box," light years away from the designs that have dominated American retail architecture in recent decades.
Hoya Corp., Japan's largest optical glass maker, agreed to buy camera maker Pentax Corp. for 90.6 billion yen ($765 million) to add endoscopes and surgical scissors.
Strange specimens of natural glass found in the Egyptian desert are products of a meteorite slamming into Earth between 100,000 and 200,000 years ago, scientists have concluded. reported that Tarnaveni (Romania)-based Gecsat, estimates an approximately 6.4 million-euro turnover for this year, a 16% drop against last year, when the company posted a 7.6 million-euro turnover.

Add new comment