Taiwan's TECO Group to Mass Produce LCD TVs in Xiamen
May 25, 2007
Starting in the second quarter of 2008, Taiwan-based TECO Group expects to enter mass production of LCD TVs at its plant in Xiamen, China. With an initial investment of up to NT$400 million (US$12 million; US$1 = NT$33.4), TECO's Xiamen LCD TV plant is slated for completion in October, 2007. The plant is planned to concentrate on ODM (Original Design Manufacturing) business, with a target shipment of 300,000 units in the first year, which is expected to rise to as many as three million units in three years.