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

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News