China’s First Six
BOE settled in Hefei, a total of 17.5 billion investment in the domestic first-generation LCD line 6 of Article 13, the morning will be breaking in the Hefei New Station District started construction work. This is a national electronic information industry after the introduction of the revitalization plan, the first to work on large projects. Deputy Minister of Industry and Lou, high-tech Development and Reform Commission Technology Secretary? Into yuan, Anhui Provincial Party Secretary Wang Jinshan and Governor Wang San-Yun, Hefei Municipal Committee Secretary Sun Jinlong, Mayor Jin-Rong deposit to the scene to congratulate.
The fourth quarter of 2010 production
13 morning, the domestic investment 17.5 billion yuan Article 6 of the first generation of LCD panel line, which BOE Hefei 6 Line ceremony will be a new station in Hefei at the project site area.
BOE is in the middle of September 2008 the Government and relevant state and Hefei Enterprise Agreement, the glass substrate 6 on behalf of the line size 1500mm × 1850mm, including arrays, color film, into the box and the four parts of the whole module production processes, Product 37-inch TVs and computer monitors with TFT-LCD screen-based. BOE 6 on behalf of the line design capacity of 90 1000 glass substrates per month, is expected to put into production in the fourth quarter of 2010.
4 1st, BOE private placement Program Approval from the Commission. Two weeks later, BOE Hefei 6 Line began a ground-breaking construction.
Hefei Local Government strongly supported the
17.5 billion for this major project, the local government showed extraordinary attention. In September last year, the project signing ceremony, Anhui Provincial Committee, Governor Wang 3 Games, Provincial Committee and Party Secretary Sun Jinlong, Hefei, Anhui Province Vice Governor Huang Haisong, the city mayor Wu Chun-rong, director of the Standing Committee Wen Huang CPPCC Chairman Dongzhao Li and other local government leaders that attended to show their importance.
4 dated 13 ground-breaking ceremony, Hefei, Anhui, and is also a high standard of local government leaders to attend. Provincial Party Secretary Wang Jinshan of Anhui Province announced the “project start”, Anhui Provincial Committee, Party Secretary Sun Jinlong Hefei to be speech, the city mayor Wu Cunrong stone laying ceremony. Hefei local media, “Hefei Evening News” also published front-page series of reports for several days, “written in the BOE began on the eve.”
Hefei local government on behalf of line 6 of the BOE so seriously, not only because this is a 17.5 billion yuan in major projects and, more importantly, it is the program plans to build Hefei “China (Hefei) flat panel display base” of the core enterprise. LCD flat-panel TV in a high proportion of the share of the cost, 6 Line is currently the highest in the line of generations, it can cut the largest 37-inch LCD panel. Hefei planning base for flat panel display area of 21 square kilometers plan, more than 20 BOE supporting enterprise will be located upstream and downstream base, more than 10 projects currently implemented.
BOE to 6 Line settled in Hefei, the local government has given the BOE on very favorable terms. In accordance with previous agreements reached between the parties, Hefei block matching in terms of area, land prices, energy supply, financial Policy , Loan interest subsidy and so on to provide policy support for the project. Most importantly, the BOE is difficult to undertake the projects require huge amounts of money 17.5 billion, is responsible for water shed by the Hefei city government to resolve, including the private placement from 60 to 12,000,000,000 yuan, some common to the banks for loans.
Supported by the state as a liquid crystal panel industry, the relevant state ministries and commissions of the BOE, Hefei 6 Line also shown great support. State Department of Industry and Information Technology Vice Minister Lou, National Development and Reform Commission Secretary tech? Into dollars will fly to Hefei, the scene appears in the foundation-laying ceremony and delivered a speech.
BOE industry’s gamble on the risks remain low
Hefei 6 Line in BOE ground breaking at the same time, a total investment of 3.1 billion BOE Chengdu 4.5 on behalf of the line has entered the equipment installation phase. BOE to vote with a high-profile construction Factory In sharp contrast to the two background BOE loss of 1 billion yuan in 2008 and is expected to Radio Five lines on huge loss drag the whole group.
2008 9 , the collapse of the global LCD panel prices, prices fell by 60%, industry-wide losses, the industry entered a trough. LCD panel industry is capital and technology-intensive industries, is also a high-risk and very cyclical business, there are also low tide. The industry believes that BOE trough in the industry dropped heavily, can usher in the project put into operation the height of the industry is facing the risk?? Industry can not be the height of large-scale investment, low on investment, can catch up with industry pick up, especially in the economic crisis that the external environment of uncertainty, the uncertainty will be increased.
Heavily in this project, “selling water” and that the production line equipment manufacturers to provide minimum risk, offer higher will be the big winner. 13, the morning ceremony, the U.S. company Corning glass substrate Company China Lucky Group, Applied Materials, Beijing Sevenstar companies, equipment suppliers will attend the ceremony. Industry estimates, total investment 17.5 billion BOE, the equipment certainly more than 10 billion yuan of investment.
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