Canyuan Yangzhou to build large-scale LED extension factory by the local government featherbeds

One of Taiwan's largest canyuan photoelectric LED epitaxial plant LED epitaxial Plant decided to establish a production base in Yangzhou. By canyuan, infodisc, reashine and South Korea LGD, combined with the mainland Appliance Factory, the establishment of the Jiangsu gem Yang company, a total investment of about 4 billion 800 million yuan, is expected to become the largest domestic LED epitaxial plant. Yangzhou municipal government to subsidize 24 to more than $2 billion 500 million to fully support the development of LED industry in the mainland. Jiangsu provincial Party Secretary Liang Baohua visited Taiwan, not only to bring orders to Taiwan enterprises, but also open a new opportunity for cross-strait industrial cooperation. Canyuan plans to buy 50 sets of MOCVD (metal organic chemical vapor deposition) machine, which will be Taiwan LED industry in mainland China's largest investment, and Jiangsu will be lucidity into the mainland's largest LED epitaxial plant, May next year is expected to begin operation.

Jiangsu in the early days of lucidity of capital of about $72 million, by canyuan hold 51% of the shares. LED downstream packaging factory, donbei photoelectric board also set up factories in Yangzhou Jiangsu will invest 10% to 15% young ladies, reashine and LG display partners are actively entering the LED TV (LGD).

It is understood that Ruixuan and LGD began canyuan investment this year, and with the East Bay to foster canyuan photoelectric, thus avoiding EPISTAR a dominant situation, in the cooperation of these companies, canyuan November revenue is expected to rise again, seven consecutive months of record revenue. Canyuan positive expansion, to the end of next year will have 50 sets of MOCVD machine.

Jiangsu lucidity second stage capital in January next year will increase to $150 million, the second stage will be the main investors to join the mainland appliance and system manufacturers, Jiangsu is a combination of both sides can raise funds by the Taiwan canyuan photoelectric led.

Canyuan photoelectric chairman Jane tomoto has said that within three years to become the leading enterprises in Chinese LED factory. The future can raise monthly production capacity will reach 1 billion, including 500 million teeth will be directly supplied to set up factories in Yangzhou Dongbei photoelectric, donbei photoelectric main supply Innolux small and medium size backlight, TV backlight and Samsung LED.

Both sides of the LED industry cooperation mode, actively promote the Yangzhou municipal government, Yangzhou municipal Party committee secretary Wang Yanwen last week with Liang Baohua's visit, Wang Yanwen and Jane tomoto and donbei photoelectric chairman Wu Qinghui signed a contract, the future of Jiangsu Yang can each buy MOCVD machine, Yangzhou municipal government will sponsor 10 million yuan, if Jiangsu can raise plan order 50 sets of machine, the sponsorship amount will reach 500 million yuan, about NT $2 billion 400 million to 2 billion 500 million yuan.

This is the first large-scale support of the Chinese local government LED industry, the mainland will be expected to take the lead in various counties and cities, set off a wave of investment in LED.