SVA, Mindtech to Form LCM JV
June 23, 2006
The Pou Chen Group recently announced that Mindtech, its wholly-owned subsidiary, has formed a Shanghai-based joint venture with SVA Optronics, a subsidiary of the SVA Group. According to the agreement, the two companies will build a LCM plant in Shanghai, which is slated to start mass production in the second half of 2007. SVA will hold a 60% stake in the venture, while Mindtech will take up the remaining 40%, and the joint venture's initial capital will be approximately US$35 million. In addition, SVA is expected to increase its investment in Mindtech's Kunshan-based LCM plant, which is scheduled to begin mass production in the second half of 2007 as well.