Himfr.com reports Konka investment in Kunshan Longfei Optical 8.5-generation line

Konka Group shares started to commence September 13 in Kunshan Longfei optical 8.5-generation line. As previously announced Longfei photoelectric 3.3 billion dollar investment plans, as a strategic partner of the equity shares of Konka Group, the proportion expected to be about 5%, the amount of investment of approximately 165 million.

Another reporter has learned, TCL Group and the Shenzhen Municipal Government, deep ultra-photoelectric panels on the 8.5-generation LCD production line of a formal joint venture agreement, will also be the opening of the 16th of this month signed during the fair, while the 10-day suspension of the TCL Group (000100.SZ) will also resume trading next week, and announced the investment plan.

TCL chairman Li Dongsheng for the previously proposed that the domestic color TV enterprises jointly invest in a 8.5-generation line of the proposal, Konka concerned made it clear that: "We will be in high-generation panel production line in the upper reaches of the layout, but will not participate in peer-controlled panel production line . "

This reporter has learned, after more than eight months of construction, investments in Kunshan Konka LCD module factories has been basically completed and has entered a pre-production status. In October 2008, when the Kunshan Economic and Technological Development Zone, Hi-Tech Fair in Shenzhen during the introduction of its 7.5-generation line of programs, suddenly announced its investment in Kunshan Konka Group plans to nearly 9 billion yuan in building their own LCD module plant, which is Kang to come together and the Kunshan good start.

Sun Wenbo, general manager of Konka Group Operations Center, told reporters: "Konka in Anhui Province has its own LCD TV base, which from the Kunshan IVO's close."

In fact, the lack of LCD TVs machine factory in Kunshan Development Zone, had been seeking co-operation with the color TV manufacturers, has previously with Skyworth, Hisense, have had the depth of contact, and domestic fourth-largest LCD TV maker Konka Group provided an opportunity for the arrival of Kunshan.

Konka not satisfied, however, invest in LCD module. As early as in 2006, Konka also with TCL, Skyworth, Changhong set up a joint venture with Julong optoelectronics, the purpose of the joint BOE and deep ultra-photovoltaic building in Shenzhen, a six-generation line. The color TV manufacturers to enter the upper reaches of the plan ran aground after, Konka and TCL, Skyworth, as temporary due to financial reasons sights on investment in less liquid crystal module, but its intention to enter the panel production has not changed.

A source told reporters: "In the Longfei photoelectric partners, both from the upstream Corning, BOE, but also from Taiwan's technology partner, as well as from the downstream Konka, Wistron and other terminal manufacturers . "