Wednesday 20 June 2018

China's TCL's panel manufacturer commences production of high generation panel modules


 
KUALA LUMPUR, June 18 (Bernama) -- TCL's panel manufacturer, Shenzhen China Star Optoelectronics Technology Co Ltd (CSOT) -- a world-leading panel supplier -- has commenced the production of its high generation panel modules.

"Our significant investment in CSOT is part of TCL's business strategy to achieve success in the global TV industry by fully-integrating the TV manufacturing process, " said chairman and chief executive officer of TCL Corporation, Tomson Li.

The High Generation Panel Module Project started in May 2017, covers an area of 519,000 square meters, represents an investment of US$1.5 billion (RM 6 billion) and is part of the TCL Group´s Module-Set Integrated Smart Manufacturing Industrial Park Project in Huizhou, China. (1US$ = RM 4.00)

Phase one of the construction is expected to be completed in 2019 with a design capability of 40 million modules per year and phase two is expected to be completed in 2021, with a design capacity of 60 million modules per year, a statement said.

In May 2018, CSOT has announced its latest joint investment of US$6.55 billion (RM 26.2 billion) in the second, 11th generation ('G11') panel production line in Shenzhen, China, known as t7, revealing TCL's vision for 8K products and the high value-added market.

There are also further progress in CSOT's first G11 panel production line, known as t6, with the company moving the main production equipment into place to prepare for the start of production which expected to commence mass production in March 2019.

TCL Multimedia Technology Holdings Ltd, headquartered in China is one of the leading players in the global TV industry, engaged in the research and development, manufacturing and distribution of consumer electronic products.

-- BERNAMA 

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