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THE INVESTOR

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Avaco wins W15.2b orders from LG Electronics

  • PUBLISHED :March 20, 2017 - 17:06
  • UPDATED :March 20, 2017 - 17:06
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[DISCLOSURE] Avaco (083930) announced on March 20 that it has signed a 7.67 billion won (US$6.85 million) contract with LG Electronics (066570) to supply LCD manufacturing equipment.

This amounts to 5.57 percent of the firm’s 2015 revenue and the contract is valid until May 30.

It has also signed a 7.60 billion won contract with LG Electronics to supply OLED manufacturing equipment.

This amounts to 5.52 percent of the firm’s 2015 revenue and the contract is valid until May 1.

By Hwang You-mee (theinvestor@heraldcorp.com)

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