Quadruple group swallow Honeywell sapphire to create ten billion LED industry chain

China Instrument & meter Group Co., Ltd. (hereinafter referred to as the quadruple group) in April 28, 2008 signed a contract with Honey Well Company in Chongqing, Honey Well Company successfully bid for the Canadian sapphire business. Four group announced to aspiring, to create a complete gem sapphire substrate LED (LED is short for "LightEmittingDiode" English led ") industry chain, industry base LED its new investment annual output value is expected to exceed 10 billion yuan.

Details of the transaction were not disclosed

Information from the group said the acquisition was "a bid to beat many competitors from around the world". After the completion of the acquisition, the quad group will have the world's top quality sapphire wafer growth and processing technology and related production resources.

Honeywell Chinese District special material Department of the director of public relations Wang Xiaolan on the 5 day of the "First Financial Daily" said that the reason for the company to sell the sapphire sapphire business, business belonging to the company of electronic business department, the Department of electronic business last year, its business focus has been adjusted, the sapphire business new business focus is not in the list, so the sale of.

Honey Well Company is one of the world's major producers of sapphire crystal, is also recognized as the world's first manufacturer of custom sapphire products, can produce 2 inches, 3 inches and 4 inches specifications of sapphire chips.

Four group is the predecessor of the Chongqing Sichuan Instrument Factory Co., Ltd. (hereinafter referred to as "Sichuan Chongqing"), the company in 1965 from Shanghai, Liaoning, Jiangsu and other inland instrument enterprises formed in 1987 in Sichuan Chongqing was established as the core group of four. Quadruple group in 2006 achieved sales of 3 billion 600 million yuan, total profit of 190 million yuan. At present, Sichuan Chongqing eight factory owned by the group can produce artificial stones, optical optoelectronic components, with precious stones and gems, precious gem nozzle insulator rod products.

10 billion LED industry chain

The evaluation showed 4 years ago this reporter who received from a manufacturer of optoelectronic components responsible for the Chongqing City, the outside world that the added value of the jewel substrate eight Sichuan factory "has done is very low, just to give people more precious raw materials, downstream manufacturers make profits are gone. Now, the four-dimensional Group intends to expand downstream more profitable.

Quadruple group show that the material provided in the successful acquisition of Honeywell sapphire business, steady development of the group on the one hand will continue to promote Canadian factory sapphire business, it is mainly for the European market center and global R & D center. At the same time, will also be established in Chongqing, a larger sapphire factory, its products are mainly for China and the Asia Pacific market.

In addition, the group plans from this year, in the city to build an industrial park covers an area of 1000 acres of LED industrial park. 2012 put into operation, the industrial park will become a set of sapphire substrate, chip packaging, integrated applications and related technology development in one of the LED industrial clusters, the annual output value is expected to exceed 10 billion yuan.

The quad group purchased sapphire business will enable the company's gem substrate - Sapphire - LED industry chain integration.

LED is the energy saving technology and industry of the world's most promising, as the most important LED wafer and chip based product material sapphire material, is the international high-end LED chip industry upstream technology products on the international market, especially the large size sapphire wafer wafer, the serious shortage of high quality. Xiang Xiaobo, chairman of the group, pointed out: who has a high quality sapphire chip core technology and production capacity, who will break through the bottleneck of the core of the LED industry, become an important force in the international LED industry chain. "

Source: First Financial Daily (Shanghai)