Printed from http://www.electronista.com

LG Display and Amtran partner up on LCD plant

updated 04:30 pm EDT, Mon September 1, 2008

LG and Amtran partnership

A Monday report has LG Display and Amtran - maker of Vizio LCDs - agreeing to set up a joint production plant to manufacture LCD panels and TV sets for their brands in China. Under the agreement, Amtran's existing facility in Suzhou, China, will see a $20 million initial investment. The new plant, due to commence operation early next year, will produce 3 million LCD modules along with 5 million LCD TV sets.

South Korea-based LG Display will own 51 percent of the new company, while Taiwanese Amtran will retain the remaining 49 percent stake. LG Display is the world's second-largest LCD panel maker behind Samsung, and the new venture will help it cut costs while increasing the number of its clients in today's competitive market that is in a current down-turn.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Thecus N2310 NAS

For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

iRig Pads

When it comes to mobile music products, IK Multimedia has positioned itself as one of the top suppliers. Right from the early days of ...

Sponsor

toggle

Most Commented

 
toggle

Popular News