SVA and NEG LCD Glass Joint Venture To Commence Operation Next September, Says Report

The operation of a new glass substrate plant in Shanghai, formed by Japan-based Nippon Electric Glass (NEG) and China-based SVA Group, well known for its LCD panel member Shanghai SVA-NEC Liquid Crystal Display (SVA-NEC), will kick off in September 2007, according to a report from the Chinese-language website

Constructing of the plant is expected to complete by May 2007 and operation will commence in September, with monthly capacity of 140,000 fifth-generation (5.5G) substrates, according to the paper, citing sources at SVA.

Light Electronics of SVA, a member of SVA Group, on May 27 signed an investment contract with NEG and Sumitomo to establish Nippon Electronic Glass (Shanghai) SVA (tentatively named), a company that specializes in the production, relevant research and sales of substrates, according to SVA Group press release.

The total investment amount of this company is US$45.5 million. NEG, Light Electronics of SVA, Sumitomo Japan and Sumitomo China hold 65%, 20%, 12.5% and 2.5%, respectively, of the company, the press release stated.

Market sources indicated that China-based BOE Optoelectronics Technology (BOE OT) procures most of its substrate need from Corning while SVA-NEC is using substrates from NEG.

Corning in November broke ground at an LCD glass facility in China. Located in the Beijing Economic Technological Development Area, the facility is expected to open in the first half of 2008, according to Corning.

600450 SVA and NEG LCD Glass Joint Venture To Commence Operation Next September, Says Report

See more news about:

Others also read

LandGlass Won the Silver Award at “The Third China Dual-use Technological Innovation Application Contest”.
The 2019 exhibition will be held in Guangzhou-Pazhou-Canton Fair from August 22nd to 24th.
Recently, LandGlass was named as one of the “Outstanding Private Enterprises in Luoyang - High Growth Innovative Entities” by the CPC Luoyang Municipal Committee and the People’s Government of Luoyang Municipality.
On November 22, the municipal office of civilization and office of credibility held the “2018 Credible Private Enterprises” commendation conference at the 2nd floor conference room of the Luoyang city hall.
Permasteelisa S.p.A welcomes the LIXIL Group Corporation’s announcement about the agreement with Grandland Holdings Group Limited, a leading Chinese architectural design and construction company, to terminate planned Permasteelisa transaction.
Asia’s No. 1 fenestration exhibition - FENESTRATION BAU China 2018 (”FBC”) concluded on November 3, 2018 in Beijing.

From industry

No. 160 Yichuan Rd.,
Jiaonan Shi
Qingdao Shi
Shandong Sheng, 266000

Add new comment