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LG Display, Taiwan firm put up LCD fab JV

Posted: 03 Sep 2008 ?? ?Print Version ?Bookmark and Share

Keywords:LCD TV? LCD joint venture?

LCD display maker LG Display has established Suzhou Raken Technology to manufacture TVs with Taiwan's AmTran Technology, according to an AFP report.

A deal signed Friday (Aug. 29) set up the joint venture, which will be based in Suzhou city, China. According to the report, LG Display will invest 51 percent of the initial $20 million capital.

The venture will be part of AmTran's LCD plant in the China city and is expected to produce 3 million LCD modules and 5 million LCD TVs annually starting next year. The units will be supplied to LG Electronics and other companies.

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