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Ube and Samsung Form JV for Polyimide for Substrates to Be Used in Displays

4:43 AM MDT | June 1, 2011 | Deepti Ramesh

Ube Industries says it has signed an agreement with Samsung Mobile Display (SMD; Cheonan, Korea) to establish a 50-50 joint venture in Korea to manufacture polyimide for substrates to be used in the next-generation displays which SMD plans to start mass producing. The jv company, which will be located at Asan, Korea, will be established in August 2011. The name of the company is yet to be decided. The companies will make an initial investment of won19.4 ($18 million) in the project. Further details of the jv project were not disclosed. The jv allows broader...

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