Okura Industrial (TYO:4221) said it has completed the establishment of a joint venture in China with BOE Materials Technology, according to a Friday filing on the Tokyo Stock Exchange.
The new company, Hefei Jingcang New Material Technology, was set up on March 31 with capital of 600 million yuan, equivalent to about 13.4 billion yen, with BOE holding 66% and Okura Industrial 34%.
The venture will manufacture and sell optical films used in display polarizing plates.
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