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While the display market continues to be Vitex's primary focus, the company is applying parallel applications to the rapidly emerging thin-film photovoltaic market, which has a strong need for a superior low-cost, thin-film encapsulation.
Rohm and Haas, SKC Form Joint Venture
Rohm and Haas Co. and SKC, Inc., have announced a joint venture that will develop, manufacture and market advanced optical and functional films used in the flat panel display industry. The joint venture combines the strength of Rohm and Haas and SKC to provide a broad portfolio of films in today's most advanced liquid crystal and plasma displays.
SKC will spin off its display technologies business into a separate legal entity. Rohm and Haas will become a 51 percent owner of the new company. Closing of this transaction is expected to occur in the fourth quarter of 2007 pending regulatory approval.
"Today's announcement is the next major step in building our flat panel display technologies business," said Dr. Yi Hyon Paik, vice president and business group director, Rohm and Haas Electronic Materials. "Our current flat panel display business, which includes process chemicals and optical display films recently acquired from Eastman Kodak's Light Management Films unit, features a deep product pipeline, solid R&D, and a broad intellectual property portfolio. SKC brings a strong and respected presence in the Asia flat panel markets, as well as outstanding manufacturing infrastructure, applications engineering, and customer intimacy," Paik said.
"We're pleased to be entering into an exciting new future with SKC and Rohm and Haas," said Jang Suk Park, president, SKC. "This joint venture brings the strength of two great companies under one roof. Rohm and Haas Electronic Materials has an excellent reputation for materials innovation and research excellence. Their product pipeline is impressive. SKC also brings a broad lineup of film technologies to the new JV, as well as established manufacturing capability and customer relationships throughout Asia," Park said."