Elec-Tech want to vote 2 billion 300 million purchase of 130 sets of LED equipment

Inspired by the LED feast, de Ho Runda (002005) intends to further expand investment.

Announcements, a wholly owned subsidiary of Wuhu BDO Runda Optoelectronics Technology Co. Ltd, intends to Veeco with the United States, Germany AIXTRON company signed 70 sets, 30 sets of MOCVD equipment and accessories of the "purchase contract"; a wholly owned subsidiary of Yangzhou Elec-Tech photoelectric Limited company also intends to sign 30 sets of MOCVD equipment and accessories with the United States Veeco company "purchase contract", the contract involving a total of about $337 million 500 thousand, not more than 2 billion 292 million yuan rmb. The two sides agreed to purchase, and the American Veeco company's contract will deliver the goods in batches before the end of 2011; and the German Aixtron company's contract will deliver the goods in batches before the end of March 2011.

From the view of Elec-Tech investment path for nearly two years, the company has a special liking for the LED industry. In February this year, China and the Wuhu municipal government officially signed, the establishment of LED industry base, the total investment reached 6 billion yuan. Last year, the LED operating income reached 170 million yuan, gross margin was 38.77%, in the LED industry has begun to take shape.

And this cooperation is another force in the LED industry de Ho Runda. Elec-Tech said, as a new green energy-saving lighting industry enterprises in various countries, the development of LED industry, the demand for MOCVD devices showed a sharp growth trend. The international MOVCD equipment suppliers are mainly the United States and Germany Aixtron Veeco two companies, limited capacity, resulting in a very tight supply of MOCVD equipment. The total order of 130 units of MOCVD equipment, a single installment delivery, you can guarantee the company's subsequent MOCVD equipment needs, not because of the delay in the supply of equipment industry development opportunities.

Elec-Tech said the purchase of equipment will be in Wuhu and Yangzhou to establish a new LED wafer production capacity, the company will further improve the LED industry chain, to lay a solid foundation for the follow-up of the LED industry production and management company, has a positive impact on the company's future business.

It is understood that the city of Yangzhou and Wuhu local enterprises to introduce MOCVD equipment to give each 800 - 10 million yuan subsidy. Even according to the minimum standard of 8 million yuan / Taiwan estimates, the Elec-Tech subsidies will be more than 1 billion yuan. Elec-Tech said, after the equipment procurement contract being signed and pay the deposit, apply MOCVD equipment subsidies to Wuhu city and Yangzhou city.