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China-based Irico to delay 6G LCD plant development, sources say

Post Time:Jul 21,2009Classify:Industry NewsView:394

China-based panel maker Irico Group Electronics has decided to postpone its plan to build a 6G LCD panel plant in Jiangsu, China, according to market sources.

Irico was cited as indicating that its careful evaluation has shown that the risk of investing in a 6G plant now is too high, as China's TFT-LCD industry has been gravely affected by the global economic downturn.

Irico will instead develop other panel-related businesses such as glass substrates, color filters (CFs) or LCD modules (LCM), the sources added.

Irico's 6G plant project aimed at installing a monthly capacity of 60,000 glass substrates with investment totaling 14.6 billion yuan (US$2.14 billion), and production was supposed to start in 2010, the sources said.

Other China panel makers are still looking to build their next-generation lines, including BOE Technology's 6G and 8G plants, SVA Group's 8G plant, and InfoVision Optoelectronics' (IVO) 7.5G plant, the sources said, adding that Korea's LG Display (LGD) is also said to be planning a 7.5G plant in China, with production ramp-up expected in 2010-2011.

Source: http://www.digitimes.comAuthor: shangyi

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