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Opto Tech to form LED display subsidiary in Suzhou

Posted: 17 Jul 2002 ?? ?Print Version ?Bookmark and Share

Keywords:Opto Tech? LED display?

Taiwan LED dice maker Opto Tech Corp. has received an approval from the Investment Commission of the Ministry of Economic Affairs (MOEA) to form an offshore subsidiary to be named Kuan Pu Electronics Corp. in Suzhou, China.

The construction of the subsidiary is set begin in September 2002 and mass production is scheduled to commence in the second quarter of next year. The plant will make large-sized color LED displays. Eric Guo, VP, said, "We see a huge demand for this sector in the mainland because of the coming 2008 Olympics in Beijing."

He added, "Profit margins for large-sized color LED displays are much larger than those for small- and medium-sized models. Our sales revenues for large-sized color LED displays in March 2002 were valued at NT$160 billion ($4.79 million at $1:NT$33.14), which accounts for about 32 percent of the company's total sales revenue. The offshore factory will also make LEDs for traffic lights.

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