China-based minor metals producer Vital Materials has agreed to acquire the ceramic target business division of Samsung Corning Advanced Glass (SCG) - a joint venture between Samsung Display and Corning Incorporated - Vital told Fastmarkets on September 15.
SCG's ceramic target business - in Gumi, South Korea - is an indium tin oxide, (ITO), indium zinc oxide (IZO) and indium gallium zinc oxide (IGZO) supplier to the liquid-crystal display (LCD) and organic light emitting diode (OLED) display industry, which develops and manufactures high-performance glass substrates and sputtering - depositing metals on ultra-thin surfaces - targets."Samsung Corning Advanced Glass has developed an excellent operation...which we look forward to integrating into our footprint including [research and development], operations...