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CMO raises investments in China

Posted: 22 Dec 2006 ?? ?Print Version ?Bookmark and Share

Keywords:CMO? LCDs? LCD TVs? TV panels? LCD TV?

Chi Mei Optoelectronics Corp. (CMO) will pour additional investments in its mainland China operations based on its filing at the Taiwan Stock Exchange.

CMO will raise its investments in Ningbo Chie Mei Electronics by $30 million. Meanwhile, the company's investments in Kunshan Guan Jie Electronics so far have totaled $1.21 million.

The panel maker will continue to invest in all of its production bases vis-a-vis capacity expansions in Taiwan. CMO has planned to raise over $683 million to build a 6G plant. The plant will mainly process 32-inch and 37-inch LCD TV panels, cut from 1,550-by-1,850mm glass substrates.

Total investment for the 6G project is projected to hit $2.19 billion. Mass production will begin in the fourth quarter of 2007, with a monthly capacity of 90,000 substrates.

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