LG LCD Panel Project settled in the development zone

Wang Yang attended the signing ceremony in Seoul, the largest foreign High-tech project in Guangzhou, the initial investment of 4 billion U.S. dollars

2009 China (Guangdong)-South Korea Economic and trade Cooperation exchange, the CPC Politburo members, Guangdong provincial party secretary Wang Yang (the former left) and the participants to meet the ROK representatives. Xinhua News Agency

New Express News (reporter Fan correspondent Zhang Jinsheng) yesterday morning, Guangzhou Development Zone and South Korea le Gold Display Company (LGD) http://www.aliyun.com/zixun/aggregation/18597.html "> LCD Panel Joint Venture Investment agreement signing ceremony held in Seoul, South Korea. LGD8.5 LCD Panel Project investment of 4 billion U.S. dollars, is so far Guangzhou the largest foreign High-tech projects.

Wang Yang and other signing ceremony

Politburo member, Guangdong provincial party secretary Wang Yang, the Chinese ambassador to South Korea Yonghua, Guangdong Provincial Committee of the Committee, Guangzhou party secretary Xiaodan, Guangdong Province, vice governor Wanqingliang attended the signing ceremony.

According to the agreement, China and South Korea will set up a joint venture company LG Display (Chinese), the company registered capital of 1.34 billion U.S. dollars, LG Display held 70% of the shares, responsible for the operation and management of the joint venture, by the Guangzhou and color TV manufacturers hold 30% shares. LG Display will invest 4 billion dollars in the first stage of Guangzhou development Zone, build 8.5 generation (2200mmx2500mm) LCD production line, to achieve capacity of 120,000 per month by 2012.

South Korea le Gold Display company president Shong said that in China to set up a joint venture and the construction of 8.5-generation LCD production lines, is to strengthen the cooperation with the Chinese LCD TV manufacturers, while strengthening the international competitiveness and build a sustainable development base strategic decision.

or drive 15.6 billion dollars in value

Xiaodan in his speech, said that the project to fill the Guangdong Province in the flat panel display industry technology Gap, will become Guangzhou and even Guangdong province, one of the leading industrial transformation and upgrading of the project. Xiaodan Commitment, Guangzhou will fully support the project, and strive to build the most advanced technology in China, the largest production scale, the highest output efficiency of the LCD core project.

According to the introduction, the project is LGD company after the Korea State factory, investment set up the second 8.5 generation LCD panel production line, but also the product of the first production line overseas. LG LCD panel settled in Guangzhou Development Zone, the omni-directional radiation upstream semiconductor, integrated circuits, background light, bonding technology industry, as well as the downstream mobile phone, computer, LCD TV manufacturing industry, driving the relevant electronics, machinery, chemical and other manufacturing industries, in Guangzhou Development zone and surrounding the formation of a complete liquid display panel industry chain, and further casting into a comprehensive industrial park, will lead to the upstream and downstream industry chain output value of about 15.6 billion U.S. dollars.

(Source: New Express)