Xoceco will expand production capacity to 8 million units admitted negotiating the sale of shares

In December 19th, one of the domestic color TV production giant announced that after 5 years of Xoceco, to expand production capacity to 8 million - 10 million, this phenomenal expansion plans for the domestic flat-panel TV manufacturers with great pressure. At the same time, Xoceco admits the big shareholders are foreign to negotiate the sale of Xiamen Overseas Chinese electronic matters. Within 5 years to enter the world top five

In more than a dozen foreign manufacturers have to seize the flat-panel TV manufacturers, Xiamen Overseas Chinese electronics general manager Xie Siyu announced a 5 year plan, Xoceco he said, Xiamen Overseas Chinese will continue to "focus on the color TV industry" and "focus of transnational operation, and, within the next 5 years, Xoceco flat-panel TV production plans to expand to 8 million - 10 million that goal is to enter the top 5 global flat-panel tv.

This goal is amazing. It is reported that the current global flat-panel TV shipments will be about 20 million units. The State Council Development Research Center of market economy institute deputy director Lu Renbo said, although since 2003, Chinese flat-panel TV consumer market has entered a period of rapid growth, flat-panel TV sales grew more than 200% consecutive years, especially in 2005, the domestic consumer potential purchasing ability is unprecedented mobilized, but in 2005, the scale of market demand for flat-panel TV also just close to 2 million, is expected to 2006 is expected to exceed 5 million units.

It can be calculated, which means that 5 years after a Xoceco's production capacity will reach the country now flat-panel TV a year sales of more than 4 times.

Build an industrial park

Xie Siyu said, in order to realize the huge production capacity, will build a new industrial park in Xiangan District of Xiamen City, the industrial park will serve as the center for the future of the global flat-panel TV Xoceco, overall planning and design plan has been released.

It is reported that by the end of November, Xiamen Overseas Chinese more than 20 inch flat-panel TV shipments over 750 thousand units, accounting for 4% of the global share of the first 10 months of this year sales of Xiamen Overseas Chinese has reached 2004 levels throughout the year.

However, Xoceco is characterized by dominant export, the flat-panel TV export accounted for more than a year, half of the total exports of flat-panel TV so much of its huge capacity planning on the domestic market, also need to assess.

Alliance with upstream manufacturers

Since the flat-panel TV market in the beginning of this year to start a comprehensive, therefore, despite the fierce competition between Chinese and foreign manufacturers, but the whole industry has not yet stabilized.

Xie Siyu also revealed that it will take the form of alliance with upstream manufacturers occupy a more favorable position.

It is reported that Xiamen Overseas Chinese electronics has two panel manufacturers and the world's largest Samsung and LG alliance reached deep cooperation plan. Among them, Xoceco and LG agreed, will form a strategic partnership to jointly play in their respective fields of technology and product advantages, expand the global flat-panel TV market. Samsung is the vice president and a prima headquarters to strengthen bilateral cooperation in close talks.

Xie Siyu also said that Xoceco has a joint laboratory with the flat-panel TV chip manufacturer ZORAN company in the United States to establish, to seek to establish better relations with chip manufacturers.

Global potential users 200 million

Xiamen Overseas Chinese electronics general manager Xie Siyu said, because the plan is in the global scope, the current TV market is pregnant with two opportunities: first, conversion from traditional CRT TVs to flat-panel TV; second, from the traditional analog TV to digital TV conversion.

He believes that the current flat-panel TV's excellent performance, has demonstrated that it is more suitable for digital TV especially digital HDTV display terminal, therefore, the future of the TV industry development trend is the integration of flat-panel TV and digital tv.

He predicted that in the next 10 to 15 years, the world will have more than 200 million households need to achieve digital television reception, will bring considerable market size.

The State Council Development Research Center of market economy institute deputy director Lu Renbo believes that in China, flat-panel TV digital TV, the consumer is still staying at the one or two level market, even if the primary market has not formed a perfect consumption, the market outlook is optimistic, but manufacturers are new entrants, therefore, flat-panel TVs will give all manufacturers by chance, who have the opportunity to become a leader in the new color TV industry reshuffle movement.

You acknowledge the partial sale plan

The outside world has been rumored Taiwan CPT is brewing acquisition Xoceco, Xoceco again responded. Xiamen Overseas Chinese electronics chairman Guo Zeli said, according to his understanding of the situation, the current shareholders of Xoceco does not reject any shares or holding enterprises xoceco.

Earlier, there was news of the 58.27% holdings Xoceco Xoceco group is equity transfer negotiations and cpt.

Chunghwa LCD TV manufacturing industry upstream products, known as the world's fifth largest LCD panel manufacturers, its intention to acquire part of Xiamen Overseas Chinese electronics equity is actually intended to enter the downstream machine manufacturing industry.

According to Taiwan media reports, even in the days before the CPT report submitted to the Taiwan stock exchange, the company will, through subsidiaries to acquire overseas Chinese electronics 29.7% to 36.16% of the shares. The amount of this transaction is 120 to $16 billion.

But later, there are rumors that the CPT may abandon the acquisition, otherwise mysterious buyers. Makes it seem confusing.

The reason why the two sides have yet to reach agreement, allegedly because of the differences between the two sides in the proportion of equity transfer: CPT to completely take over Xoceco group held 58.27% stake in Xiamen Overseas Chinese Electronics Group, and Xiamen Overseas Chinese hope