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Frbiz.com reports LG Guangzhou 8.5-generation production line or to be released
Unwilling to respond positively to the project of the Guangzhou Development Zone LG panel, which began two days of high-profile up. Yesterday, LG announced the investment of four billion U.S. dollars of high LG-generation LCD panel production line will be settled in the area.
This is the first formal announcement of the project area news of the progress. Floor time is probably behind Fei and BOE Kunshan, Guangzhou Development Zone, stressed that this will be the planning and construction of the highest in mainland China from generation to generation panel production line.
"It is necessary to correct, LG Guangzhou panel project, is not the first 8th generation production line, but the 8.5 generation." Yesterday, the Guangzhou Development Zone, Luogang District Zou Yonggang, vice minister of the Propaganda Department of the CBN on the phone told reporters.
Behind a high-profile: South Korea policy review, or to be released
Prior to this, low-key because of the Guangzhou Development Zone, August 21, by a District Management Committee Director Xiao-Feng Xue and South Korea's LG Display CEO Kwon Young-soo signed a memorandum of cooperation, is only a preliminary cooperation agreement is not legally binding.
Now the two sides formally signed a cooperation agreement? The source said: "no." The source said, Guangzhou ready a long time ago the land and resources, LG revealed that the board is also clearly expressed a strong wish, but South Korean government has no formal position.
This project is within the control area of technology, South Korea. Developed by the Korean National Assembly passed in 2007 which entered into force "to prevent the outflow of industrial technology and the protection of Industrial Science and Technology Law" stipulates that Korean enterprises in the sale or transfer of foreign-related core technologies required to obtain government permission in advance or early report to government departments.
The bill covers electronics, automobile, steel, shipbuilding, nuclear power, communications and other six areas of 40 key technologies, which makes specific reference to the semiconductor and flat panel display technology. Over the years, only Hynix memory chips, the project settled in Wuxi, panel production, without a release.
However, the good news came. South Korea's official media reported yesterday that, in line with LG panel factory in Guangzhou plan, will consider amendments to relax emigration restrictions on technology. South Korean Foreign Ministry of Knowledge Economy said that before the end of November, will be re-determine whether these items still belong to the State to protect the cutting-edge technologies.
This trend seems to open the project in Guangzhou for the LG. In accordance with 2 to 3 months of foreign investment approval cycle perspective, from the end of August to the end of November to the government, is just 3 months.
However, Zou Yonggang policy adjustments did not predict the impact of projects on the LG Guangzhou. South Korea for several days, the industry believes that passed no problem.
LG even more anxious
At least for now, the project has not formally started. It has lagged behind in Kunshan Fei, Beijing BOE. According to sources, Beijing BOE item 8 on behalf of the foundation-laying ceremony on a few days ago, the Guangzhou also like to put forward a ceremony, but eventually engaged in a low-key.
LG projects in Guangzhou has its bright spots. This is a 8.5-generation production lines. It is the main difference with the 8-generation is cutting more than 50-inch panel products, more efficient and more economical.
As the panel industry in Guangzhou has been the lack of support, the project's effects than Beijing, Kunshan and so more visible. Guangzhou Development Zone, say around the project, will further attract local upstream and downstream parts, the whole enterprise projects, playing create a TFT-LCD Integrated Industrial Park, it will be able to bring about 15.6 billion U.S. dollars on the upstream and downstream industry chain value.
The zone's information display, the 8.5-generation panel project, a total investment of 4 billion U.S. dollars, plans start construction in 2010, 2012, in volume production. Sources of funding, in addition to local governments, will attract leading domestic TV producers shares. It is learned that Skyworth or to invest.
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