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IRICO Group planed to invest 10 billion yuan to establish glass substrate factory

Post Time:Aug 21,2009Classify:Company NewsView:335

IRICO group failed in producing G6 glass substrate and listed in the list of buying NEC earlier, but its fortune was coming.

 Recently, in HefeiCity, Anhui Province, the Flat Panel Display industry was warmed up, which gave IRICO Group a good opportunity. On August 16, IRICO Group signed the project of “Feigao TFT-LCD glass substrate production line.”

The director of IRICO Group said the project’s content was a secret and he couldn’t release any thing. However, "Hefei Evening News" had been revealed that the glass content of specific planning projects: The total investment was 100 million yuan; established 10 production lines of G5 and G6 glass substrate; Production annual output was 2.1 billion yuan and annual tax 230 million. The project was  scheduled to start construction in November this year, before the end of March 2012 formally put into production.

It was good for IRICO gradually breaking through the blockade by Coring and other opponents. Not long before, IRICO Group had provided AU in Taiwan glass substrate products.

 

Source: GlassInChinaAuthor: shangyi

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