Samsung Display Established as World's Largest Display Manufacturer
Jul 2, 2012
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Samsung Display Company began conducting business as a corporation, newly created from the merger of Samsung Mobile Display and S-LCD corporations.
The new entity is the world's largest display manufacturer, with 39,000 employees and seven production facilities worldwide. Oh-hyun Kwon, vice chairman and CEO of Samsung Electronics, was elected CEO of Samsung Display at the general meeting of stockholders and board of directors.
"Samsung Display is destined to attain virtually unlimited growth, through continuous efforts to combine our proven know-how in the display field with an overwhelming creative spirit," Kwon said. "Our combined strengths will guide Samsung's display business through the next decade and longer, in turning the many synergistic benefits of the company into far-reaching, tangible results."
Samsung Display also determined a corporate slogan: "Displays Beyond Imagination."
With the merger of Samsung Mobile Display and S-LCD corporations, Samsung Display plans to take steps to increase management efficiencies while optimizing the synergistic effects of its LCD (liquid crystal display) and OLED (organic light-emitting diode) business initiatives. The company also intends to strengthen its global competitive edge by combining OLED production technology with precision large panel operations and supply chain management.
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