Park, established in 1954, develops and manufactures CCL (Copper Clad Laminate) which is a type of printed circuit board in one of its two main businesses, electronics segment. Park has supplied these materials principally to the telecommunications, network infrastructure and automotive industries worldwide from its manufacturing facilities in the US, Singapore and France. While it is critically important for next-generation high-speed communications applications, such as 5G and automated driving, to reduce electrical signal transmission losses, Park has an outstanding technological expertise in and a high-quality product portfolio related to “extremely low loss CCL,” which helps minimize such transmission losses.
Through the Transaction to combine the fluorine and glass materials products of AGC with the products, technologies and know-how of Park, AGC believes it can satisfy the needs of customers more effectively in the high-end CCL market, where demand is expected to grow rapidly and technological innovations are required in line with the advent of the IoT/AI age and the spread of 5G and automated driving.
|Headquarters||New York, US|
|Stock Exchange Market||New York Stock Exchange|
|Number of employees||387 (for the fiscal year ended February 2018, consolidated)|
|Sales||USD111 million (for the fiscal year ended February 2018, consolidated)
USD71 million (for the fiscal year ended February 2018, Electronics)
|Lines of business||Manufacture and sale of Electronics products (rigid CCL) and Composite products (CFRP prepreg)|
AGC Inc.(Headquarters: Tokyo, President & CEO: Takuya Shimamura) is the parent company of the AGC Group, a world-leading glass solution provider and supplier of flat, automotive and display glass, chemicals, ceramics and other high-tech materials and components. Based on more than a century of technical innovation, the AGC Group has developed a wide range of cutting-edge products. The AGC Group employs some 50,000 people worldwide and generates annual sales of approximately 1.5 trillion Japanese yen through business in about 30 countries. For more information, please visit