Vedanta Acquires Japanese Display Major AvanStrate
#AvanStrate #VedantaAcquiresAvanStrate #Vedanta #Acquisition“The acquisition of AvanStrate by Vedanta marks a significant milestone and strengthens our position as a leading player in the global display value chain. AvanStrate’s display offerings include glass substrates for TFT LCD panels used in consumer electronic devices, automotive displays and medical equipment. As a wholly owned subsidiary, AvanStrate will serve as a strategic asset for Vedanta as the conglomerate looks at playing a critical role in India’s journey towards becoming self-reliant in electronics manufacturing.”- Akarsh Hebbar, Global Managing Director, AvanStrate Inc
May 2024 : AvanStrate Inc., a renowned Japanese manufacturer of high-quality Gen 4 to Gen 8 TFT LCD (thin-film-transistor liquid-crystal display) glass substrates, has recently announced that it is being acquired by India’s Vedanta Ltd., a leading diversified natural resources company.
AvanStrate Inc., headquartered in Tokyo, Japan, is a leading manufacturer of glass substrates
primarily used in the production of electronic devices such as televisions, laptops, smartphones, tablets, wearables and other electronic displays. With more than 700 patents to its credit, state-of-the-art manufacturing facilities and a reputation for delivering cutting-edge products, AvanStrate has a strong supply chain network and partnerships with leading technology companies worldwide.
The acquisition of AvanStrate aligns with Vedanta's vision of pivoting towards technology and diversifying into hi-tech manufacturing, while expanding its presence in high-growth markets. Leveraging its expertise and resources, AvanStrate aims to strengthen Vedanta’s capabilities to support the burgeoning hi-tech electronics manufacturing industry in India and capitalize on the growing demand for electronic devices in India and globally.
Akarsh Hebbar, Global Managing Director, AvanStrate Inc., said, “The acquisition of AvanStrate by Vedanta marks a significant milestone and strengthens our position as a leading player in the global display value chain. AvanStrate’s display offerings include glass substrates for TFT LCD panels used in consumer electronic devices, automotive displays and medical equipment. As a wholly owned subsidiary, AvanStrate will serve as a strategic asset for Vedanta as the conglomerate looks at playing a critical role in India’s journey towards becoming self-reliant in electronics manufacturing.”
Display glass serves as a foundational component across a wide array of electronic devices, spanning from consumer electronics to healthcare equipment, and from automotive systems to wearable technologies. India currently relies heavily on imports from China to meet its display requirements. With AvanStrate’s expertise, Vedanta is strategically positioned to establish India’s first integrated fab for display glass and panels, catering comprehensively to the fast-growing electronics manufacturing industry. Such a facility can significantly elevate domestic value addition in electronics manufacturing, escalating it from the current 15 percent to an impressive 60 percent.
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