Rainbow Group To invest 10 billion construction of the glass substrate plant – S

Ago, the Rainbow Group, 6th generation panel project in Zhangjiagang, "yellow", and bid SVA NEC has not entered the final list, but now it's luck came.
        Recently launched in the Flat Panel Display Industry Investment Campaign
Hefei, Anhui Province, is to give it "comfort." CBN reporter was informed yesterday, on August 16, Hefei Municipal Administrative Center in Hefei, Sun Jinlong, secretary of the meeting of the party secretary of the Rainbow Group, Kui Tao, General Manager of Xing Daoqin, Deputy General Manager Guo League Kwon et al. The two sides held a "Rainbow Hefei High-generation TFT-LCD glass substrate production line," the signing ceremony.
        Rainbow Group, an insider of the CBN, told reporters that the project on, quite quickly, but cooperation is still in the early stages of confidentiality, to disclose anything.
        But "Hefei Evening News" has been revealed that the glass substrate, the specific plan project content: The total investment is 100 billion; final planning completed 10 Generation 5 and 6 on behalf of the above glass substrate production line. Among them, the project an investment of 3.7 billion plan, first launched two 5th generation, four 6-generation glass substrate production line, production is RMB 2.1 billion, 230 million yuan in taxes. The project started construction in November this year, by the end of March 2012 formally put into production before.
        It seems, the city has more urgent needs of the project. Because this year in April, BOE 6th generation LCD panel production line project has officially started construction. With the project two weeks ago, plasma floor, Hefei is in urgent need of glass substrates such as supporting upstream business critical materials.
        Rainbow Group is clearly the first choice for local businesses. It is the world's fifth, the only one in China with TFT-LCD glass substrate technology and production capacity of enterprises, and is in the 500 largest industrial enterprises in China, ranked 76th in the large state-owned enterprises.
        However, the project also implies bitterness. 10.0 billion of the total planning investments come from? Even a 3.7 billion yuan, or at least difficult to directly show the Rainbow Group. Hefei has also not disclosed, but according to the city over the past year on the flat layout of the project, it will probably support the BOE as to attract plasma project, the utmost aid.
        Now the two sides is just the hand. However, If they succeed, perhaps to dilute the rainbow in Zhangjiagang, 6 panel project on behalf of the "frustrated." Moreover, the global market is as it seems to provide an optimal opportunity to catch up.
        "From June of this year to now, the world's serious shortage of glass products." Flat panel display professional research firm DisplayBank China chief representative of the CBN Yuwei Long said the situation had in September there will be clear, however, because the Japanese earthquake, causing global giant Corning plant in Japan equipment damage, and thus to cast a shadow over the market once again.
        He said that Corning and Samsung Corning joint venture's capacity utilization have been improved about 60% of the former, the latter 80%.
        This situation down to the Rainbow Group in the catch-up phase of a chance. It is gradually breaking Corning and other opponents of the embargo. Sources, long ago, it has been Taiwan's Chi Mei Optoelectronics supply glass products. However, the need to increase yield.

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