Jiujiang export processing zone, a $1 billion project started

Jiujiang export processing zone, re transmission of news, by the Jiujiang race Fei Technology Co. Ltd. investment in new 5 million pieces of sapphire crystal production project before the project started in October 9th this year, the formal contract settled, covers an area of 248 acres, a total investment of 1 billion yuan, planning construction area of about 120 thousand square meters, has 8 production plants and research buildings, staff apartments, office buildings etc..

Sapphire is the semiconductor light-emitting diodes (referred to as LED, is a new type of solid-state lighting device) is one of the important raw material production, the control has long been one of the few foreign manufacturers, which caused Chinese LED only in the downstream industry long-term comparative advantage in labor cost to earn meager profits in fact. As of 2009, there are about 3000 enterprises in China focus on the LED application industry, LED industry chain in the middle and lower reaches of the growing competition, and in the upper reaches of the industry is rarely successful domestic enterprises. Jiujiang race Fei technology limited joint Tsinghua University professor and senior professionals, decisively into the field, and strive to become the forefront of science and technology standing nongchao. 5 million pieces of sapphire crystal production project is expected after 18 months of construction period, will achieve the trial operation in the first half of 2012, the project production standards can be achieved after the output value of 3 billion yuan.