LG Hausys established the joint venture with the German’s leading glass manufacturer on September 2010 to produce and sell low-emissivity glass, or low-e glass, from Interpane.
LG Hausys has decided to merge with the joint venture through the equity acquisition because it is now able to be technologically independent by securing its own technical competence in low-e glass development and production. Low-e glass is a type of energy-efficient glass designed to prevent heat escaping through the windows to the cold outdoors.
After establishing the low-e glass production plant in Ulsan in September 2012, LG Hausys has been developing the domestic low-e glass market with the active technical tie-up with Interpane. In particular, the company has focused on developing and mass producing the glass coating technology which can fit the domestic climate and environment entirely different from Europe.
An official from LG Hausys said, “LG Hausys and Interpane have agreed to continuously cooperate in maintenance and fundamental technology of low-e glass production facilities, based on trust built with the joint venture, in the future. We are planning to become a global low-e production company by steadily developing high-performance low-e glass to expand high-insulation windows in the domestic market and consistently innovating our production process.”