November
28, 2003
Asahi Kasei Chemicals Corporation
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| Commercial start-up
of joint venture in Korea for acrylic sheet for light-guide panels |
Delaglas Korea Corporation, a joint venture of Asahi
Kasei Chemicals Corporation, Raygen Co., Ltd., and Samsung
Corporation for production and sale of acrylic sheet for
light-guide panels used in liquid-crystal display backlight
units, has completed construction of its acrylic sheet plant
with commercial operation beginning on November 1. A ceremony
celebrating the commissioning of the new plant followed on
November 20.
Asahi Kasei Chemicals produces Delaglas™ acrylic sheet
for light-guide panels in Japan, with the market in Korea
being among the world’s largest. The new plant of Delaglas
Korea raises production capacity in close proximity to user
demand, and enables further enhancement of cost competitiveness.
Additional measures to advance the global expansion and growth
of methacrylates operations are being studied, including
production in China.
Corporate profiles
| Delaglas Korea Corporation |
| Paid-in capital: |
5 billion won |
| Shareholding: |
Asahi Kasei Chemicals, 60%; Raygen, 30%;
Samsung, 10% |
| Joint Representative Directors: |
Sung-gil Tae, President; Masanori Nose,
Vice-president |
| Location: |
Pyongtaek, Gyeonggi-do, Korea |
| Production capacity: |
6000 tons/year extruded acrylic sheet |
| Investment: |
Approximately 12 billion won |
| |
| Asahi Kasei Chemicals Corporation |
| Head office: |
Tokyo, Japan |
| President: |
Taketsugu Fujiwara |
| Paid-in capital: |
¥3,000 million |
| Shareholder: |
Asahi Kasei Corporation |
| |
|
| Raygen Co., Ltd. |
| Head office: |
Chilgok-kun, Kyeongsangbuk-do, Korea |
| President & CEO: |
Sung-gil Tae |
| Paid-in capital: |
5.4 billion won (at fiscal year-end, December 31, 2002) |
| Net sales: |
62.0 billion won (fiscal 2002) |
| |
|
| Samsung Corporation |
| Head office: |
Seongnam, Gyeonggi-do, Korea |
| President & CEO: |
Chong-yeul Pae |
| Paid-in capital: |
800 billion won (at fiscal year-end, December
31, 2002) |
| Net sales: |
36,916.8 billion won (fiscal 2002) |
Delaglas is a trademark of Asahi Kasei Chemicals
Corporation.
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