BIZCHINA / Investment Alerts
LCD investment rises in the mainland
(Shanghai Daily)
Updated: 2006-06-27 11:43
Oversea giants including LG Philips and major Taiwan firms are increasing
investment to build LCD module plants and capitalize on a Chinese
mainland market worth US$2.3 billion.
The growing demand for liquid crystal display units is based largely on
surging sales of computers and flat panel TVs.
Analysts, however, warned that module plants generate limited profit and
that the supply of large-size, high-margin LCD panels will depend on
imports for the next few years.
LG Philips LCD, the world's biggest LCD panel maker, said recently it had
signed a preliminary agreement to build a new LCD module plant in
Guangzhou, Guangdong Province. Meanwhile, Taiwan-based Mindtech
Investments Ltd announced a US$95 million joint deal with Shanghai SVA to
establish an LCD module plant in Shanghai.
"The Shanghai-based plant will operate in line with our other new
production facilities," SVA, which plans to invest several billion
dollars by 2010 to build more advanced LCD panel manufacturing lines,
said in a statement delivered to Shanghai Daily yesterday.
"LCD module manufacturing requires little technology," said Yue Ting, an
analyst at Beijing-based CCID Consulting Co, a research f irm under the
Ministry of Information Industry. "For large LCD TV panels, including 32
inch, 37 inch and even bigger models, China still depends on imports."
(For more biz stories, please visit Industry Updates)
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