News

ASIA– Samsung Electro-Mechanics has signed a buyout deal with J-Three International Holding of Taiwan. As part of the 27.1 billion won (US$20.44 million) deal, Samsung Electro will have more than a 95% share of Unicap Electronics Industrial, currently owned by J-Three.
 
The deal goes into effect November 30, 2008. Unicap is located near Shanghai and specializes in the production of circuit boards in liquid-crystal displays. Samsung Electro expects the acquisition to increase its competitiveness in circuit board production.
ST. PAUL– 3M has released its sales figures for the third-quarter. Compared to 2007 figures, worldwide sales rose 6.2%, coming in at $6.6 billion.

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