SVA, NEG, Sumitomo Join to Set Up LCD Glass Manufacturing Plant

SVA Optoelectronics, which has a joint venture with NEC as SVA-NEC, is the LCD subsidiary of SVA Group. SVA Opto and Nippon Electric Glass (NEG) with Sumitomo will invest US$45.5 million to build a LCD glass plant. Profit margins for glass is quite good. Corning is doing well with quite a bit more than 50% of the market. It is good to see the Chinese and the Japanese working together. I wonder what Corning thinks about this move.

Source: Interfax China

[tags]SVA Optoelectronics, SVA, NEC, SVA-NEC, LCD Manufacturer, Display Manufacturer, Nippon Electric Glass, NEG, Sumitomo, LCD Glass, Corning[/tags]

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