In line with its professed growth strategy for this year by business diversification, Samyang Corporation, a company with interests in areas as diverse as engineering plastics, food stuffs and pharmaceuticals among others, has entered into the electronics material business.
Samyang fully acquired ADMS for US$10 million, a company that produces high precision chemical materials for liquid crystal displays, such as column spacers and overcoats. Column spacers can be used to ensure a uniform thickness of the LCD glass. The continuing growth of the demand for LCDs is expected to have played a part in this acquisition decision.
Samyang recorded sales revenues of US$459.9 million with a net income of about US$36 million in the first half of this year.
