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BOE to Build 6G TFT-LCD Production Line in Hefei

National Business Daily, 9/13/08

Chinese TFT-LCD manufacturer BOE Technology (000725.SZ) has signed an agreement with the Hefei government, the Hefei Xincheng State-Owned Operations Corporation, and the Hefei Construction Investment and Holding Co, Ltd. Under the agreement the company will build a production line for sixth-generation TFT-LCD technology in Hefei, primarily focusing on rolling out TFT-LCD screens and modules 37 inches in size or smaller. The planned production capacity is 900,000 units of the glass-substrate material each month.

Under the agreement, BOE and its partners will establish the Hefei Jingdong Fangguang Technology Corporation with RMB 6 bln in registered capital. BOE will float RMB 6 bln in shares to cover the investment. The project will start construction no later than March 31, 2009, and enter production at the end of the fourth quarter in 2010.

Keywords: hardware Hefei Xincheng State-Owned Operations Corporation Hefei Construction Investment and Holding Hefei Jingdong Fangguang Technology Corporation 000725.SZ 6G BOE Hefei production capacity TFT-LCD

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