Samsung Aerospace, Sermatech Launch Korean Joint Venture

      October 06, 1999 16:57

      Samsung Aerospace Industries announced Wednesday that it plans to establish a joint venture in Korea with U.S. firm Sermatech International, for a business focusing on highly specialized aircraft construction processes such as special welding and brazing.

      Sermatech Korea will be established with US$6 million in capital, with SAI to contribute a 49-percent portion in the form of manpower and production facilities.

      The U.S. firm will cover the remaining 51 percent by contributing funds and new technologies.

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