Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

China Star Begins Second Phase 8.5G OLED Plant Construction

Sohu IT, 11/23/13

Shenzhen-based LCD manufacturer China Star has launched the second phase of construction for its 8.5G OLED panel production line. China Star has invested RMB 2.44 bln in second phase of the new facility, which is targeting production capacity of 100,000 OLED panels per month upon opening in Q3 2015. China Star projects that the new production line will increase the company's annual output by RMB 2.27 bln.

Bo Lianming, CEO of China Star, has revealed that the RMB 2.44 bln earmarked for the project will be funded by the company's cash on hand, bank loans, and equity financing, rather than by existing investors.

China Star recorded revenues of RMB 10.6 bln in Q3 2013, with RMB 1.42 bln in profit.

Editor's Note: For more background on this topic, please see "TCL Plans 8.5G OLED Panel Facility" MD 7/15/13 issue.

Keywords: Bo Lianming OLED production capacity LCD 8.5G display production facility

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports