Saturday, October 25, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google's Pichai to Become Head of Product at Google: report
Internet Explorer 11 Toolkit Allows Enterprise Admins "Spy" On Their Employees
FCC Says Airwave Auction To Delay Until 2016
HP Broadens Moonshot Portfolio With Intel-powered Models
Microsoft To Keep Nokia Brand For Low-end Smartphones
LG Introduces Its First Octa-Core Application Processor
Cloud and Surface 3 Drive Microsoft's Revenue
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > General Computing > Corning...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 16, 2014
Corning Completes Acquisition of Samsung Corning Precision Materials


Corning has completed the acqusition of Samsung Corning Precision Materials, Co., Ltd. (SCP), formerly an unconsolidated equity venture with Samsung Display Co., Ltd., which manufactures LCD glass in Korea.

In connection with the acquisition, Corning issued new convertible preferred shares to Samsung Display with an aggregate face amount of $1.9 billion. Corning said that Samsung Display made an additional investment in Corning by purchasing another $400 million of the new convertible preferred shares.

This acquisition is expected to deliver important financial and strategic benefits to Corning. By gaining full control of its global fusion-glass manufacturing platform, the company can achieve greater flexibility in asset use, improved operational efficiencies, and better positioning for new specialty-glass market opportunities.

Operating under the new name of Corning Precision Materials Korea Co., Ltd, the former SCP organization and operations will combine with Corning?s Display Technologies segment through a phased business-integration plan.




Previous
Next
CyberLink Introduces New PhotoDirector 5 Deluxe        All News        TSMC Enjoys Q4 Profit, Getting Ready For More Efficient Chips
Adobe Photoshop CC Brings Support For 3D Printing     General Computing News      TSMC Enjoys Q4 Profit, Getting Ready For More Efficient Chips

Get RSS feed Easy Print E-Mail this Message

Related News
Corning USB 3.Optical Cables Now Available
Atmel and Corning To Offer Ultra-thin Touchscreens
Corning To Transfer of Corning Gorilla Glass Production
Corning Says Its Gorilla Glass Is Superior To Sapphire
Corning Gorilla Glass Now tough On Bacteria
Corning to Showcase Latest Technologies At CES
Corning To Buy Samsung's Stake From LCD JV
Intel and Corning Demonstrate Record-breaking Reach of Optical Fiber
Corning Thunderbolt Optical Cables Coming Soon
Corning Brings Gorilla Glass NBT to Touch-Enabled Notebooks
Samsung and Corning May Be Seeking New Partnership: report
Corning Introduces Corning Lotus XT Glass For High-end Displays

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .