The basic material for smartphones case , Samsung makes extensive use of plastic. But in future products that elusive similarity can not be maintained: in partnership with SGL Group division of Samsung Petrochemical has formed a joint venture called Samsung SGL Carbon Composite Materials. In this case, each participant will get 50% of the shares.
As you might guess, the new company will develop composite materials using carbon fiber. In the future, the fruits of creation of the joint venture will be used in Samsung products such as consumer electronics, medical and engineering equipment.
The signing of the joint venture agreement was held today in Seoul, the transaction will close in July after the approval of the regulatory authorities.