LED Wuhu sample: subsidies leverage leveraging listed companies to expand production

Announced in September 2nd that it intends to use the funds raised 550 million yuan for LED expansion in the purchase of 16 sets of MOCVD epitaxial furnace, changelight shares for two consecutive days in the word limit. Also, the market of Sanan optoelectronics, Elec-Tech, Silan and a number of listed companies this year LED expansion project also applause, price soaring.

Since the 70s of last century began to engage in the study of light-emitting diodes, said Fang Zhilie, Professor of Fudan University, said: "engaged in research for more than 30 years, until this year, really feel the light emitting diode (LED) hot. Today, LED commercial production has been in the past 35 years.

It is interesting that, in the current round of LED expansion by a number of listed companies to expand production boom, Wuhu, Yangzhou and other local governments become the driving force behind. According to the Shanghai stock exchange information statistics, only one in Wuhu from 4 to August this year, sent two listed companies more than $600 million in financial subsidies.

The local government of Yangzhou just such an economic accounts: a MOCVD although the subsidy of 10 million yuan, but after the operation can directly form the annual output value of 20 million yuan and related industry chain to form the output value of 200 million yuan, 100 machines can be formed around the epitaxial wafer 20 billion yuan industry group.

Wuhu sample

The reporter went to Wuhu interviews found that the two projects with Elec-Tech Sanan optoelectronics and is located in Wuhu City Economic and Technological Development Zone, one in eastern, one in the north, are now actively fighting for the progress of the project.

Wuhu is one of the expansion of the source of the current round of LED epitaxial chip.

In January this year, three optical announced in the construction of a total investment of 12 billion yuan in Wuhu LED industry base, 200 units of MOCVD equipment purchase, the initial investment of 6 billion yuan, the purchase of equipment 100 Taiwan; February Elec-Tech said it will invest 6 billion yuan in Wuhu construction project LED. The industry generally believes that the entire industry chain in the epitaxial chip profit accounted for nearly 70%.

Before the reporter went to Wuhu interviews found that the two projects are located in Wuhu City Economic and Technological Development Zone in the East, but Sanan optoelectronics, Elec-Tech in the north, are actively fighting for the project schedule. In September 6th, the reporter starting from downtown Wuhu more than and 40 minutes drive three project, only about 1200 acres of land on the more than and 10 building monomer building a road along the line, all kinds of construction machinery shuttle. The project is to promote, about the end of October will be completed before the end of the year, production equipment. "Three optical sources said.

According to the source, the project is currently under construction a total of 18 single project, with a total area of more than 170 thousand square meters, including the extension of the workshop, the 3 chip workshop and supporting plant, office accommodation, etc.. Currently, the plant has been completed, in order to catch up with the progress of the construction of the exterior wall, the interior has started lifting equipment, clean and clean construction.

After the reporter in the BDO project base to see, plant engineering has been completed, the No. 2 and No. 1 chip extension workshop has begun to clean decoration workshop. The deputy director of Lv Zhidi said the Ministry of infrastructure construction, the big 4 will end in November, then install the equipment, machine commissioning, expected around December 28th the first product of light, January 2011 trial production and mass production in March, 2012 all production.

The capital, Sanan Optoelectronics in March this year revealed additional net fund-raising not more than 2 billion 980 million yuan, will be used for the Wuhu project; April 1st also received the Wuhu economic and Technological Development Zone Finance Bureau Technology three financial subsidies 125 million yuan, and the 5 group received 74 MOCVD equipment subsidies totaling 268 million yuan in April 8th to August 19th.

Elec-Tech is early in October 2009 on the disclosure of additional plans, intends to raise 1 billion 526 million yuan for the issuance of a wholly owned subsidiary of Wuhu BDO LED industrial project, which has a background of Wuhu state owned 3 companies for a total of 75% additional shares, a total investment of 992 million yuan. In terms of government subsidies, in August this year, received the Wuhu economic and Technological Development Zone Finance Bureau allocated three science and technology finance subsidy funds of $252 million. In addition, according to the Wuhu municipal subsidies, the future will continue to receive subsidies for equipment. Among them, Elec-Tech intends with American Veeco company, Germany AIXTRON company signed 70 sets, 30 sets of MOCVD equipment and accessories procurement contracts, the price is not more than 1 billion 212 million yuan and 560 million yuan, the 100 sets of equipment for a total of not more than 1 billion 772 million yuan, this calculation is expected to receive government subsidies to 800 million to 1 billion.

In addition, the Wuhu municipal government attaches great importance to these two projects, the mayor of the project leader of the pro services team leader, the relevant departments have been responsible for the release of the phone number more than and 10, time limit questions. The company has been involved in two investment in the Wuhu City Economic Development Zone Investment Promotion Bureau Chief Wei Gang said that the characteristics of LED industry is a large initial investment, with the national policy to support efforts to increase the industry will usher in the explosive growth, but with many projects started, has presented the trend of overcapacity, only to seize the opportunity to start fast.

Not only Wuhu, Yangzhou, Hefei, Changzhi and other places have launched projects.

In September this year, a total investment of about 10 billion yuan rainbow group LED project settled in Hefei, is expected to build a total of 3 years in the construction of a total of 200 MOCVD (45 to the machine) and supporting the chip production line. Last November, China plans to invest $45 million to set up a subsidiary in Yangzhou, the purchase of MOCVD equipment for the production of LED epitaxial wafer. In Shanxi, Changzhi, investment 900 million yuan, the two sides of the first LED epitaxial and chip projects, as well as investment of $200 million sapphire substrate project is expected