Japanese company to invest in LCD factory in Guangming New Zone
A Japanese invested production base for thin film transistor liquid crystal display (TFT-LCD) started its construction in a factory at the Guangming New Zone high tech industrial zone. Asahi Glass Co. Ltd is going to spend US$ 300 million to build the factory, equipped with a processing line for the LCD’s.
Production will start by summer of next year. AGC have already established their own subsidiary that will market and manufacture the TFT-LCD glass substrates. This is the company’s second factory in China with the first one located at Kunshan in Jiangsu Province.
In a fast developing country more and more people are buying LCD televisions and personal computers, worldwide market for flat panel displays are on the rise and expected to grow by ten percent annually. Introducing the glass substrate project plays a role in ensuring its success in the LCD panel project, at the same time perfecting the chain of LCD panels.