TPV Technology, LG Display Join Hands on LCD Ventures
November 13, 2009
Hong Kong-listed TV and PC monitor manufacturer TPV
Technology announced on November 9 that it will invest a total of US$84 million
in establishing two joint ventures with LG Display, Reuters reported. L&T
Display Technology (Xiamen), one of the two ventures, will be located in Xiamen
and will be dedicated to the manufacturing and selling of LCD (Liquid Crystal
Display) modules and TVs. TPV is expected to inject US$34 million into the
Xiamen venture. At the same time, TPV plans to spend US$50 million on the other
venture, L&T Display Technology (Fujian), which is expected to engage in
the manufacturing of LCD monitors and public display products. It is reported
that TPV will hold a 49% stake in the two ventures, and LG Display the remaining
51% stake.