Tuesday, June 10, 2008

AU Optronics to invest NTD 500 bln to set up 4 new panel plants

Taiwan-based AU Optronics Corp, the world third largest LCD producer by revenue, plans to invest NTD 500 billion to set up 4 new panel plants, sources cited insiders as saying.

The new project includes two tenth-gen LCD plants and two eleventh-gen LCD plants, which are expected to be built in 2011 and 2012, sources said. AU Optronics had applied to the authorities on the scheme of the project and relevant land use issue. However, details about the program are not disclosed.

Besides its assembly plants in Lungtan, Taoyuan County and Taichung on the island, AU Optronics also runs plants in Suzhou and Xiamen on the mainland.

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