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Lucky Film to Become a Subsidiary of CASC
    UPDATED: 2011-09-15
BEIJING, Sep. 15 (China Space News) — China Lucky Film Corp. will be incorporated into China Aerospace Science and Technology Corporation (CASC) and become a subsidiary of the latter, according to a notice recently released by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

While keeping to the path of independent innovation, China Lucky Film Corp. has transformed from a photosensitive material manufacturer into an integrated enterprise mainly devoted to research and development, manufacturing and providing services of high-end film and coating materials, digital printed materials, and image recording materials.

Given that both CASC and Lucky Film are engaged in the new materials and new resources businesses, they are expected to complement each other and the restructuring is likely to improve the companies' competitiveness.