Asia Express - Display
TCL to Form LCD Backlight Module JV with Taiwan's Coretronic; to Set Up LCD TV Lines in Chengdu
May 07, 2009
Chinese consumer electronics manufacturer TCL and Taiwanese display solution provider Coretronic announced on April 22, 2009, that the two companies will form a joint venture to produce backlight modules for use in LCD (Liquid Crystal Display) TVs, according to Chinese-language China Times. The new venture will be located in TCL's existing LCD module manufacturing facility and is projected to commence production in October 2009.

Meanwhile, TCL has signed a deal to set up two new LCD TV production lines in Chengdu Hi-Tech Industrial Development Zone of Sichuan province, according to a local Chengdu Evening News report on April 29. TCL is expected to invest about 50 million RMB (US$7.4 million; US$1=6.8 RMB) to 60 million RMB (US$8.8 million) in the first-phase project, and construction on the two production lines is slated for completion in October this year. TCL expects to manufacture 300,000 LCD TVs by year-end 2009 and estimates a full-year output of 1.4 million in 2010.