China's third LCD panel plant will be built to invest $6 billion

China plan in Shanghai near the building of a new generation of LCD panel factory - this will be China third LCD panel factory, the estimated total investment will be $6 billion.

According to the Kunshan economic and Technological Development Zone official said, by the Dragon (Longteng) company operates the LCD panel factory located in Shanghai, 1 hours away from Kunshan, the initial investment of $600 million.

The LCD panel factory will be used for large screen televisions and computer monitors with TFT LCD panel, the final investment will be between $5 billion -60 billion.

China currently has two TFT LCD panel factory, one belongs to the SVA Group and NEC joint venture, a company belonging to the BOE technology group.