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H.C. Starck and Comet Network Sign Supply Agreement (posted 5/29/09)

May 29, 2009
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The long-term agreement is for the supply of refractory metal for sputtering targets used in the production of LCD flat panel display screens.

H.C. Starck Inc. and Comet Network Co., Ltd., Seoul, South Korea, recently announced that they have reached a long-term agreement for the supply of refractory metal for sputtering targets used in the production of LCD flat panel display screens. H.C. Starck will supply Comet Network from its production facilities in Euclid, Ohio, where additional investment will be made as necessary to fulfill Comet Network’s requirements.

The agreement was concluded with Terry Shin, chief executive officer (CEO) of the Comet Network Group, and Heinz Heumüller, Ph.D., CEO of the H.C. Starck Group, during a visit to the H.C. Starck facility in Leverkusen, Germany. The signing took place in Leverkusen because Comet is interested in expanding its cooperation with H.C. Starck into other areas, such as conductive polymers that are produced and sold by H.C. Starck Clevios GmbH in Leverkusen. Both parties confirmed their intention to broaden the scope of the present business relations.

“This agreement is a clear indication of the strength of Korea’s electronics industry-even in these difficult economic times,” said Richard McCorry, president and CEO of H.C. Starck Inc. and its Fabricated Business Products Unit. ”We are pleased to be able to support the continued growth of Comet in its business activities.”

According to Comet’s Shin, “We value H.C. Starck and its Fabricated Products Business Unit as a reliable supplier for delivery of these crucial high-quality materials and look forward to a long and mutually beneficial cooperation.”

Visit www.hcstarck.com for more information.

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