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Business

Merck adding to liquid crystals

May 31, 2004 | APPEARED IN VOLUME 82, ISSUE 22

Merck KGaA will invest $35 million in South Korea, Taiwan, and Japan to expand its liquid-crystal mixing capacity. Merck calls itself the world's largest producer of liquid-crystal displays used in flat screens, with a 69% market share. The firm says the LCD market will grow 50% annually until 2008 as consumers increasingly buy LCD televisions instead of the bulkier cathode-ray-tube TVs. Merck is commissioning a new $300 million liquid-crystal facility in Germany this year.

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