Tencent Tech, 5/05/11
Hong Kong-based display and TV vendor TPV Technology (0903.HK) has agreed to invest USD 90 mln in a TFT-LCD production base in Chengdu Hi-Tech Industrial Development Zone. The base will encompass manufacturing, R&D, and sales for LCD displays, TV sets, all-in-one PCs, TFT-LCD panels and modules, and related components, and is slated to commence operations in Q4 2012. The facility aims to produce 5 mln units within the first five years, with an estimated annual production output value of approximately RMB 6 bln.
Zeng Tianlong, deputy GM of TPV's display business, said the base will primarily produce an estimated 1.2 mln monitors per year for Chinese laptop, PC, and handset manufacturer Lenovo (0992.HK). Zeng added that TPV also plans to bring other clients to Chengdu, including Acer and Philips.
TPV Technology currently has production bases in seven cities in China - Fuzhou, Beijing, Wuhan, Suzhou, Xiamen, Qingdao, and Beihai - as well as factories in Brazil, India, and Poland overseas.