Applied Materials and Dainippon Screen Revise Ownership Structure of Sokudo
Posted on June 23, 2009 @ 10:25 am
June 23, 2009
Applied Materials, Inc. and Dainippon Screen Mfg. Co., Ltd. (Screen) announced that they have signed an agreement to revise the ownership structure of their joint venture company, Sokudo Co., Ltd. Under the agreement, Screen will own 81% of the coat/develop track system company and operate it as a subsidiary, and Applied Materials will retain a 19% interest, down from its original 48% interest. This new structure will more accurately reflect the ongoing contributions from both shareholders.
Since the formation of the joint venture three years ago, Sokudo has built a solid position in the coat/develop track market based on its introduction of several significant products, beginning with the Sokudo RF3S system. Most recently, using the combined strengths of Screen and Applied Materials, Sokudo introduced the breakthrough SOKUDO DUO system, which provides customers with the world’s first dual-track system for high productivity processing.
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