|
Chi Mei Opto to Increase Mainland China Investment |
|
|
|
Written by Philip Buonpastore
|
|
Monday, 25 February 2008 |
TAIPEI - Taiwan-based Chi Mei Optoelectronics announced
that it is planning to invest $131 million in mainland China, with $8
million to be spent on increasing capacity in
its Ningbo plant, as well as improvements to plants in the Nanhai
district of Foshan City that assemble small and medium sized LCMs and
touch panels.
The production capacity of the plants in Ningbo and Nanhai are expected
to reach 1 and 5 million modules per year by the end of 2008,
respectively, an expected capacity increase of 57%.
Chi Mei's latest move is part of its effort to meet the likely rising
demand for LCD modules, driven by an expected 45% increase in TFT LCD
panel production this year.
Chi Mei is one of several Taiwanese company increasing investment in mainland
China. Unitech PCB has also announced plans to invest an additional
$20 million into its subsidiary, Shanghai Unitech Electronics Company. |
Comments
You are not authorized to leave comments. Please login first.
News 