FRANKFURT, April 28 Germany's Merck KGaA
, the world's largest maker of liquid crystals for flat
screens, cautioned that its dominance of that market could erode
over time, making the case for more investments into newer OLED
"We know ... that our market shares in recent years were
very high. At the present time we cannot rule out a further
normalization. We will therefore forge ahead with new
technologies in all four business units, for instance OLED,"
Chief Executive Stefan Oschmann told shareholders at the annual
general meeting on Friday.
Merck commands about 60 percent of the liquid crystals, with
Japanese companies JNC Corp. and DIC Corp as
runners-up, and the technology is a major profit driver for the
diversified German group, which also makes pharmaceuticals and
supplies for labs and bioreactors.
For now, an ongoing recovery in the display market should
have a positive effect on the liquid crystals business, the CEO
(Reporting by Ludwig Burger; Editing by Arno Schuetze)