|
Innolux to Invest $55 Million in New China Plant |
|
|
|
Written by Philip Buonpastore
|
|
Thursday, 28 February 2008 |
TAIWAN - Innolux Display has announced plans to invest $55 million to set up a subsidiary company to manufacture LCD modules (LCM) in Xiamen, China.
According to a February 26 filing with the Taiwan Stock Exchange, the
company’s subsidiary will be called Innocom Technology, and will make
LCMs and other LCD-related products.
The company posted sales of $5.03 billion for 2007, up over 48% from
$3.4 billion for 2006. Net profits for last year totaled $523 million.
Innolux chairman Hsing C. Tuan stated that he expects the company to
continue to have record growth over the next 5 year, projecting over
$34 billion in sales in 2013.
Last year, InnoLux began volume production of a 22-inch widescreen LCD
monitor panel, and is scheduled to begin volume production of a 26-inch
monitor panel in the first half of this year.
|
Comments
You are not authorized to leave comments. Please login first.
News 