Company to Launch Second Phase of Panel Display Project
China Star Optoelectronics Technology a global leader in panel display technology will be launching its second phase of their construction project at the Guangming New Area. The project is said to cost around 24 billion yuan and will create a TFT LCD industrial cluster with a production value of 160 billion yuan annually.
The company’s project is a advanced version of a homemade TFT LCD production line and the first phase started in November of 2009 and was operational after 17 months. One of its business indicators has reached the level of international advancement and production sales volume when to be one of the top 5 in the world. Furthermore the company’s innovation has greatly improved and has activated one of the largest FPD research and development line.
The start of the second phase will indicate a breakthrough for the company and is marks a significant measure for the acceleration and upgrading of the domestic panel display industry. This also strengthens the panel display industries in the Pearl River Delta.
Four years since the company’s establishment, supply of panels on the market increased around 31 percent. Introducing the second phase project will strengthen further the company’s capability in research and development of new technology and products ranging from AMOLED screen to IGZO. The company also leads in the production capacity of the LCD TV chains. The second phase will also stimulate developing of emerging industries in Shenzhen which plays an important role in the electronics industry of the city.