China approves investment AU Optronics in lcd factory

The Chinese state body the National Development and Reform Commission has approved an investment of the Taiwanese AU Optronics in lcd factory in Kunshan. The investment is 3.25 billion dollars involved.

AU Optronics invests an amount of 3.25 billion dollars in building new production line for lcd’s, while the 769 million dollars a stake of 49 percent in the Chinese partner Kunshan Longfei Optical Electronics. The lcd-factory 8.5 g-glassubstraten process. These plates measure about 2.2 by 2.5 metres, and are for production of 40″ and larger lcd’s used.

Longfei unfolded in 2009, plans for the 8.5 g lcd plant, but enabled the construction pending the approval of the investment of AU Optronics by the Taiwanese ministry of Economic Affairs. That approval followed in June of this year. With the approval of the Chinese government, the investment and construction is now finally continue.

The lcd plant will probably not until the beginning of 2013 started with the mass production of the panels. Analysts with the voorraadoverschot of lcd’s, because the 8.5 G lcd plants that both Samsung as LG with Chinese partners have set up, then at full steam will run. The Chinese lcd manufacturers Beijing BOE Optoelectronics Technology and Shenzhen Huaxing Photoelectric Technology will be their next generation production lines at that time.