TCL, Century Invest RMB 24.5 Bln on 8.5G LCD Line
Netease Tech, 11/16/09
TCL (000100.SZ) and Shenzhen Century Science & Technology Investment Corporation (Century Corporation) have announced a partnership to invest RMB 24.5 bln to launch China's first 8.5G LCD panel production line, while simultaneously announcing the establishment of the joint venture - Shenzhen China Star Optoelectronics Technology Co., Ltd. - that will operate the line.
TCL chairman Li Dongsheng said the new China Star will ultimately have registered capital of RMB 10 bln, with TCL and Century Corporation each holding a 50% stake in the company. The new company has a planned production capacity of 100,000 panels each month, and 14 mln LCD TV module assemblies annually, including arrays, color film, cells, and module production, focusing mainly on the manufacture of 26", 32", 46", and 55" LCD displays. Work on the project is planned to start in January 2010, and the new line is set to go into production in Q3 2011.
Li also stated that China Star will be an open platform, and will seek to attract other enterprises in its industry chain. Li revealed that some manufacturers have already talked to TCL regarding partnerships on its 8.5G panel line, though he declined to reveal their names. Oversight by TCL and the Shenzhen SEZ government will be a condition of any partnership.
Keywords: TCL Corporation Shenchao Technology 8.5G China Star Optoelectronics TV set Li Dongsheng hardware module production capacity LCD 000100.SZ production facility JV
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