SVA-NEC Invests US$400mln to Boost LCD Output
September 15, 2006
SVA-NEC, a joint venture between NEC and Chinese SVA, has invested US$400 million in boosting the annual capacity of its 5G LCD plant in Minhang District of Shanghai by 88% to 12.15 million units. SVA-NEC is currently capable of manufacturing 15-, 17-, and 19-inch LCD monitor panels as well as 20- and 26-in LCD TV panels. SVA has also expressed intention to build another two production lines in Shanghai to manufactures panels for 37- and 40-inch LCD TVs. An investment of US$2 to US$3 has been planned for the new lines.