Dragon will build third LCD production lines in the mainland to invest $6 billion

According to foreign media reports, an official from the Jiangsu Kunshan economic and Technological Development Zone said Monday, Ivo in the city to form the next generation LCD panel factory, initial investment of $600 million, a total investment of $6 billion. After the completion of the plant, will become the mainland's third formal production of LCD panel production line.

The official said that in the early completion of the Dragon LCD production line investment, the final total investment will be between 50~60 billion. But he did not disclose the specific name of the project's overseas investors. In April this year, there were reports that the dragon will China from Japan and Taiwan introduced production technology, Taiwan Baocheng group may become an important investment. In the city of Kunshan has been previously Baocheng a LCD panel accessories factory invested $12 million 500 thousand.

It is reported that the dragon has officially started construction of a new plant infrastructure, completed by the end of this month is scheduled to. If it goes well, the plant will be put into use by the end of this year. In the first phase of production, LCD panel monthly production capacity of 90 thousand pieces. Kunshan economic and Technological Development Zone official also said that in the next three to five years, the total investment in the development zone and TFT-LCD will be as high as $10 billion.

So far, China has built two LCD panel production line, a SVA joint venture with NEC, another for the boe.