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TPV Technology to Build $90M LCD Plant in Qingdao
Hong Kong-based LCD manufacturer TPV Technology Group (0903.HK, TPV.SGX) and Qingdao Huatong State-Owned Capital Management held a signing ceremony on November 13 to establish an LCD project in Qingdao's Hi-tech Zone, reports Xinhuanet.com. The project will receive initial investment of $90 million, including registered capital of $30 million, and is expected to begin production within one year, the report said.
The project focuses on the research, development and manufacturing of LCD screens and TVs and is expected to produce 5 million units per year within five years, said the report.
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