TCL Group, one of the largest LCD TV integrators, and Century Science & Technology Investment Corporation will establish a joint venture and build a G8.5 TFT LCD fabrication plant in Shenzhen, China. Each company will invest 5 billion yuan (about US$732 million) to set up the joint venture with the total investment expected to be 24.5 billion yuan for the G8.5 fab. The fab will focus on manufacturing 26-, 32-, 46-, 55-inch LCD TV panels with a final glass substrate input capacity of 100,000 per month.
Construction is slated to begin in mid-January 2010 with trial production expected to commence in 2011. With a large LCD fab TCL will move toward more vertical integration and help it to be more competitive in the LCD TV space where large competitors such as Samsung, LG, Sharp and Panasonic are already tightly vertically integrated. TCL plans to ship more than 8 million LCD TVs in China for the year, an almost doubling from 4.2 million in 2008. LCD TV exports by TCL are expected to be more than 3 million in 2009.
Source: “China-based TCL announces JV with Century to jointly build 8.5G plant” – DigiTimes