TPV to Build USD 90 Mln LCD Plant in Qingdao

Xinhuanet, 11/13/09

Qingdao Hi-Tech Zone has signed a deal with Hong Kong-based desktop monitor and LCD television designer and manufacturer TPV Technology (0903.HK) and Qingdao Huatong State-Owned Capital Management for a USD 90 mln LCD facility.

The facility will be built in the Jiaozhou Bay Industrial New Zone and have registered capital of USD 30 mln. The facility will primarily be involved in R&D and the manufacture of LCD displays, LCD TVs and other display products and their related parts. It is expected to begin production within a year, and within 5 years reach an annual production capacity of 5 mln units.

Keywords: TV set production facility hardware monitor production capacity LCD R&D TPV 0903.HK display Huatong

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