Fuji Photo, SVA to Invest US$270 Million in Shanghai CF JV
August 24, 2006
Following the press disclosed on August 18, Japanese Fuji Photo Film has announced more details about its joint venture with Chinese SVA Electron in Shanghai on August 22. The two companies will investment a combined total of US$270 million in the joint venture, named SVA-Fujifilm Opto-Electronic Materials, which is slated to start CF production for large TFT LCDs (Thin Film Transistor Liquid Crystal Display) in November 2007, with a projected capacity of 70,000 units per month. The joint venture is capitalized at US$100 million; SVA will hold a 75% stake and Fuji Photo the remaining 25%.