NEWS
Nissha concludes a basic contract for the establishment of a joint venture in South Korea
March 19, 2013
Nissha Printing Co.,Ltd.
Nissha Printing Co., Ltd. (hereinafter "Nissha") and S-MAC Co., Ltd. (hereinafter "S-MAC") concluded a basic contract as described below on March 15, 2013 to hold discussions towards the establishment of a joint venture aimed at producing film capacitive touch sensors based on the printing manufacturing method.
Background and purpose of the establishment of the joint venture
This joint venture is aimed at combining Nissha's production technology related to film-type sensors and S-MAC's sensor module production technology to produce precise, highly production efficient touch panels in the production and selling of touch panels using film capacitive sensors based on the printing manufacturing method, which is forecast to grow in the future. Doing so will increase both companies' production capacities and expand their business opportunities in the global market.
Overview of the joint venture
| Company name | NST Co., Ltd. |
|---|---|
| Address | Asan City, South Korea |
| Date of establishment | Scheduled for about June 2013 |
| Name of representative | Not yet determined |
| Investment ratio | Nissha Group 49%, S-MAC 51% |
| Description of business | Production of film capacitive touch sensors based on the printing manufacturing method |
Overview of S-MAC
| Company name | S-MAC Co., Ltd. (097780: KOSDAQ) |
|---|---|
| Address | 23-15 Seogu-dong Hwaseong-si Gyeonggi-do South Korea |
| Date of establishment | November 18, 2004 |
| Name of representative | Sung Chul Lee, Representative Director |
| Description of business | Manufacture of broadcasting and wireless communication equipment |
| Capital | 8,202,200,000 won |
Future prospects
Nissha and S-MAC will hold discussions towards the conclusion of a joint venture contract. We will announce the details of the joint venture as they become clear in future.
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