TOKYO -- CMK Corp.
Written by Staff
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.