Samsung expands presence in China's LCD market

May 31, 2011 - PRLog -- Samsung Electronics, the world's greatest flat-panel maker, mentioned Monday it held a groundbreaking ceremony for any new plant in China in a very bid to broaden its presence within the liquid crystal show (LCD) industry within the world's most populous nation.

In accordance to an emailed statement sent by Samsung to Xinhua, it broke grounds Monday to get a new 7.5-generation assembly line in Suzhou Industrial Park, that will be constructed by Samsung Suzhou LCD (SSL).

The SSL is a joint venture setup last month by Samsung Electronics, Suzhou Industrial Park and TCL Corp., a single of China's foremost Television makers. Samsung retains a sixty % stake in SSL capitalized at three billion U.S. dollars, with all the Suzhou Industrial Park and TCL Corp. getting interests of 30 % and 10 percent respectively.

Samsung mentioned it expects the new plant to start mass creation inside the initial half of 2013, incorporating the plant will likely be able to generating one hundred,000 models of glass substrate per month.

The tech large aims to perform an integrated LCD manufacturing approach inside of China by building the plant combined with the current LCD module creation line which has become operating in Suzhou considering that late 2003.

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