Update: Sharp, CEC, Nanjing Ink 6G, 8G TFT-LCD Deal
Sina Tech, 8/31/09
The Nanjing municipal government, China Electronics Corporation (CEC) and Sharp have signed an agreement to establish a joint venture to launch an 8G LCD production line, as well as bring a 6G LCD panel line and technology to Nanjing, and establish an LCD display R&D center in the city. Total investment for the three projects will reach RMB 65 bln.
RMB 30 bln of investment will go towards establishment of the 8G joint venture, which will have an initial monthly capacity of 90,000 sheets of glass substrate, and will go into mass production by 2012. The RMB 13.8 bln for importing a 6G LCD production line and associated technology to Nanjing will be mainly invested by CEC subsidiary Nanjing Panda Electronics (600775.SH; 0553.HK). The line is expected to go into production in mid-September with an initial monthly capacity of 80,000 sheets, will be fully completed next year, and will go into mass production by 2011. In addition, Sharp will be the sole investor for a global LCD display R&D center with over 1,000 staff, which is expected to be completed in the spring of 2010.
Editor's Note: For more background on this topic, please see "Rumor: Nanjing Government, Sharp Discuss 6G and 8G TFT-LCD Lines", MD 7/01/09 issue and "Update: Sharp to Build 6G LCD Line in Nanjing", MD 7/18/09 issue.
Keywords: consumer electronics hardware Panda Electronics CEC 6G 8G R&D Sharp TFT-LCD 0553.HK 600775.SH production facility production capacity
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