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SEG Samsung Glass: USD 27.6 million STN-ITO glass project

Shenzhen SEG Samsung Glass Co Ltd said it will invest USD 27.6 million in a project to manufacture STN-ITO glass (Super Twisted Nematic – Indium Tin Oxide coated glass) used in flat panel displays. Th…

Shenzhen SEG Samsung Glass Co Ltd said it will invest USD 27.6 million in a project to manufacture STN-ITO glass (Super Twisted Nematic – Indium Tin Oxide coated glass) used in flat panel displays. The planned annual capacity is expected to reach seven million units, the company said. SEG Samsung intends to invest USD 13 million for production technology and equipment for the project from Samsung Corning Co Ltd, a joint venture between Korea“s Samsung Group and US Corning Inc. Samsung Corning Investment Co Ltd, a unit of Samsung Corning Co Ltd, holds a 21.37% stake in SEG Samsung. Samsung Group has a technological co-operation agreement with SEG Samsung, but has no stake in the company. The company said project approval from shareholders is still pending. STN-ITO glass is widely used in displays for mobile phones and portable game machines.

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