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CMK Sells SNC Stake to Sumitomo

Written by Administrator

Monday, 07 January 2008

TOKYO -- CMK Corp. has sold its 49% interest in SNC Industrial Laminates to Sumitomo Bakelite Co. CMK will take a $15.74 million charge for its fiscal year ending in March.

CMK, one of the world's largest PWB providers, said it plans to focus on that segment.

Malaysia-based SNC makes PWB materials for white goods. It was formed in 1990 as a joint venture between CMK and Sumitomo Bakelite.

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