September 14th, GDXD Rare and Precious Metal Materials Technology Group, Chinese leading manufacturere of high-purity Selenium,Tellurium,Gallium, Indium,gallium,indium,germanium,bismuth,cadmium,cobalt
It is officially announced that the two parties have reached a final agreement to acquire the ceramic target business of Samsung Corning Advanced Glass Co., Ltd. ("SCG") [Samsung Corning Advanced Glass Co., Ltd. is a joint venture between Samsung Display and Corning Incorporated]
Transaction highlights:
By acquiring a leading ITO solution provider, it will complement each other in product and market combinations
After the ceramic target business unit is split from SCG, the delivery will be completed soon.
SCG's ceramic target business is headquartered in Gumi, South Korea. It is a leading ITO, IZO and IGZO supplier in the LCD and OLED display industries, and is committed to developing and manufacturing high-performance ceramic materials for emerging technologies.
SCG's ceramic target business will be merged into the GDXD thin film materials business unit (one of the four major business divisions of the Pioneer Group), which is dedicated to the research and development, production, sales and sales of sputtering targets and physical vapor deposition (PVD) evaporation materials. recycle and re-use. Olivier Bracher, Vice President of GDXD Thin Film Materials, said: "The synergy created by this acquisition will form a stronger and more reliable partner for global customers."
The GDXD Thin Film Materials Division product portfolio includes high-purity metals, alloys, precious metals and ceramics for display, photovoltaic, semiconductor, optics, LED, data storage and glass applications, seamlessly integrated with SCG's ceramic target business.
Olivier Bracher, Vice President of GDXD Thin Film Materials, said, “We are pleased to have reached a final agreement on the acquisition of the SCG ceramic target business. The merger of the two companies will expand the market scope of each party and open up new high-growth markets for the combined company. Pioneer will continue to grow and invest in expanding downstream capabilities to provide customers with more innovative and valuable technical solutions."
About GDXD:
GDXD is a global rare metal materials technology group. It was originally established in 1995 and is headquartered in China. The company develops in compliance with the vertically integrated development strategy, with branches or offices in Asia, Europe, North and South America, and more than 3,500 employees worldwide.
GDXD has developed rapidly since its establishment. Leading thin materials is an important global manufacturer of selenium and tellurium products. It is also a major supplier of gallium, indium, germanium, bismuth, cadmium and cobalt products in the global market. The products can be applied to various end markets. And applications, including semiconductors, displays, electronics, photovoltaics, LEDs, infrared materials, acousto-optics, pyroelectrics, photoelectric sensors, radiation detectors, pharmaceuticals, feed additives, glass, ceramics, and metallurgy.
In February 2020, GDXD acquired 3,600 tons of indium from the previous FANYA Metal Exchange through auction, which created a solid foundation for GDXD's ITO, IZO and IGZO businesses.