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NEG launches LCD substrate glass project in Xiamen Torch High-Tech Zone

Updated: 27 Jan 2014
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LCD substrate glass project
Nippon Electric Glass Co., Ltd (NEG) signed an agreement with Xiamen Torch High-tech Zone on January 25th.
 
Nippon Electric Glass Co., Ltd (NEG) signed an agreement with Xiamen Torch High-tech Zone on January 25th to launch its new LCD substrate glass project in Xiamen’s Xiang’an Torch High-Tech Industrial Development Zone.

Founded in 1949, NEG has become one of the largest manufacturers of LCD substrate glass in the world. NEG has established plants overseas to meet global needs and has a global market share of more than 20%.

The 8.5-generation TFT-LCD substrate glass project to be launched in Xiamen is a core part of the industrial chain of electro-optic displays, with an equipment investment of about RMB 4.14 billion.

According to reports, Phase I of the project will start construction in September 2014, and is expected to be put into operation in the fourth quarter of 2015.

Xiamen’s Torch High-tech Industrial Zone has taken the lead in the city’s industrial development. The output value of its opto-electronics industry hit RMB 94.9 billion last year, accounting for 50% of the total industrial output value in the zone.

As a typical capital-intensive and labor-intensive project, NEG’s new LCD substrate glass project will perfect the production chain of Xiamen’s opto-electronics industry.
   
SOURCE: WOX Team
   
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