Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Global-Tech Enters Joint Venture with Anwell Technologies
Mar 29, 2006
 Printable format
 Email this Article
 Search

Global-Tech Appliances Inc. announced that its wholly owned subsidiary, Consortium Investment (BVI) Limited (CIBL), entered into an agreement with Singapore-based Anwell Technologies Limited to form a joint venture company, Lite Array Holdings Limited, with its manufacturing facilities in China to exploit synergies related to the production of organic light-emitting diode (OLED) systems.

Under the agreement, Global-Tech will invest certain of CIBL's OLED assets and intellectual property in exchange for a convertible note from Anwell and a 30-percent stake in Lite Array. Lite Array is currently wholly-owned by Global-Tech. The joint venture is intended to leverage the design and manufacturing capabilities of Global-Tech and Anwell to pursue potential opportunities in the OLED market.

"We are delighted to enter into this venture with Anwell, which we believe has established in the last few years a reputation as one of the world's leading advanced automation equipment manufacturers for the optical disc industry," John C.K. Sham, president and CEO, said. "By teaming up with Anwell and combining both of our resources, we believe that we can enhance and accelerate our progress in exploiting other opportunities in the OLED market."

Back to Daily News

 

Daily News

...........................................................

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: AHRI Annual Meeting registration open for just 1 more week

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

Oct 17, 2014: Smart devices shipments forecast to show strong growth

Oct 16, 2014: Helen of Troy sales and earnings exceed expectations

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows