Construction for New Display Company Begins in Ningbo China
July 14, 2005
Taiwanese Tayih Group has broken ground for Ningbo Tayih, the Group's second company in Eastern China. The new company is to be dedicated to the production and sales of large-size backlight modules, LCD TVs, LCD displays, as well as some related key components. Production is slated to start in the first quarter of 2006, following the completion of the first phase construction before the end of 2005. Annual output for backlight modules is expected to reach 18 million units.
Tayih is just one of the 29 firms that the Ningbo government has invited into the Ningbo Export Processing Zone. A total investment of US$755 million is anticipated from these investors.