Cheil Industries was an affiliate of the Samsung Group. Since its establishment in 1954, Cheil Industries has been a Korean textile firm. Thereafter, from the 1980s, the company expanded its business areas into fashion, chemicals and electronic chemical materials (ECM). In October 2014, Cheil Industries submitted plans for an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

, with around $1.41 billion in shares planned for listing on the South Korea Stock Exchange.

History

* 1954 Cheil Woolen Fabrics Industries Established * 1961 Exported 3,000 pounds of Jangmi brand carded

wool Wool is the textile fibre obtained from sheep and other mammals, especially goats, rabbits, and camelids. The term may also refer to inorganic materials, such as mineral wool and glass wool, that have properties similar to animal wool. As ...

to Hong Kong first * 1965 Obtained a Korean license for Wool Mark from I.W.S. * 1972 Established Cheil Synthetic Fiber * 1976 Changed name to Cheil Industries * 1992 Developed the world's first high-density 1,130,000 carpets * 1994 Succeeded in developing and manufacturing EPS for foundry at the Hwasung R&D Center * 2000 Changed the line of business registered with Korea Stock Exchange to chemicals * 2003 Completed the construction of the Daegu Opera House * 2007 Developed the 'Tempist Stylist' the world's first artificial marble with highly transparent chips * 2013 Fashion business sold to Samsung Everland * 2014 Merger with Samsung SDI Co., Ltd. (changed to 'Samsung SDI Chemicals and Electronic Materials': http://samsungsdi.com/) After the merger: * 2014 Samsung Everland changed its name to 'Cheil Industries Inc.' * 2015: Cheil announced plans to acquire Samsung C&T for $7.7 billion, in an all-stock transaction viewed as consolidating Samsung heir

Lee Jae-yong Lee Jae-yong (; born 23 June 1968), known professionally in the West as Jay Y. Lee, is a South Korean business magnate and the chairman of Samsung Electronics. He is the only son of Hong Ra-hee and Lee Kun-hee, chairman of Samsung until his d ...

's control over the Samsung Group.

Elliott Associates Elliott Investment Management is an American investment management firm. It is also one of the largest activist funds in the world. It is the management affiliate of American hedge funds Elliott Associates L.P. and Elliott International Limit ...

, an American hedge fund that owned 7.1% of Samsung C&T's stock, opposed the transaction and attempted to block it in court on the basis that it was not in the best interest of shareholders. The merger was approved by the shareholders in July and executed in September 2015. The combined company was named 'Samsung C&T' (http://www.samsungcnt.com/eng/overview/info.do).

Fashion

Cheil Industries began its business by producing textiles since 1954. The company then expanded its business areas into fashion by launching its first men's wear range in 1989. Since then, it has diversified into casual wear, ladies' wear and sportswear. Cheil Industries was the first Korean fashion company to introduce the just-in-time (JIT) system as part of its restructuring efforts, considerably enhancing management efficiency through reduced lead time in the manufacturing process. It also made moves via consistent brand restructuring initiatives to enter into new business lines that it deems to have high growth potential. Through these initiatives, Cheil Industries was successful in building a profitable business structure, thereby establishing itself as a fashion company.
MYPORT Footwear Portugal
– International Footwear Outsourcing Agency based in Portugal. *

Bean Pole International BEANPOLE established in 1989, is a South Korean fashion brand owned by SAMSUNG C&T Fashion group. It produces seven distinctive lines (BEANPOLE MEN, BEANPOLE LADIES and BEANPOLE KIDS); as well as accessories (BEANPOLE ACCESSORY), golf wear (BEANP ...

10 Corso Como 10 Corso Como is a shopping and dining complex in Milan, Italy. It combines outlets that show and sell works of art, fashion, music, design, cuisine and culture. It was founded in 1990 by gallerist and publisher Carla Sozzani. History The complex ...

* 8seconds – a

Specialty retailer of Private label Apparel Fast fashion is a term used to describe the clothing industry's business model of replicating recent catwalk trends and high-fashion designs, mass-producing them at a low cost, and bringing them to retail stores quickly, while demand is at its ...

(SPA) brand launched at the beginning of 2012. In 2013 Cheil Industries sold the fashion business to Samsung Everland in a 1.05 trillion won ($968.6 million) deal. After the merger of Cheil Industries (the chemicals and materials business) with Samsung SDI in 2014 Samsung Everland renamed itself to Cheil Industries Inc. In 2015 Cheil Industries merged with Samsung C&T and the new company was named Samsung C&T.

Other Products

Now part of Samsung SDI Chemicals and Electronic Materials. Samsung SDI bought Cheil Industries for 3.5 trillion won ($3.3 billion) in stock in 2014. Cheil investors received about 0.44 of a share in the enlarged SDI for each share they owned.

Chemicals

Cheil Industries began its chemical business in 1989. The company entered into the

polycarbonate Polycarbonates (PC) are a group of thermoplastic polymers containing carbonate groups in their chemical structures. Polycarbonates used in engineering are strong, tough materials, and some grades are optically transparent. They are easily work ...

Cbusiness in 2007. A new PC plant was completed in March 2008 and is now operational. The company also produces flame-retardant ABS, sheet ABS, flame-retardant high-impact PS (HIPS), polycarbonate (PC), heat-recasting ABS for vehicles, and artificial marble.

Electronic materials

Cheil Industries' electronic material business started with the company's development in 1996 of EMC. The EMC business unit of Cheil Industries acquired KOSDAQ-listed Ace Digitech in March 2007 and began a polarizing film business, a core component of liquid crystal display CDpanels. * Semiconductor Materials: Epoxy Molding Compound (EMC), Chemical-Mechanical Polishing (CMP) slurry * Display Materials: Light Guide Plate, Diffusion Plate, Color Resist (CR), Anisotropic Conductive Film (ACF) * Material for Secondary Batteries:

Electrolytic An electrolyte is a medium containing ions that is electrically conducting through the movement of those ions, but not conducting electrons. This includes most soluble salts, acids, and bases dissolved in a polar solvent, such as water. Upon dis ...

solution Solution may refer to: * Solution (chemistry), a mixture where one substance is dissolved in another * Solution (equation), in mathematics ** Numerical solution, in numerical analysis, approximate solutions within specified error bounds * Soluti ...

* Functional Materials: EMS, Paste

References

Questar

External links

* {{Samsung Group Samsung subsidiaries Companies listed on the Korea Exchange Chemical companies of South Korea