china industrial lcd monitor manufacturer quotation

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SHANGHAI, Feb 6 (Reuters) - Samsung Electronics Co. Ltd., the world"s top LCD maker, plans to double the output of its liquid crystal display module plant in eastern China"s Suzhou city to meet growing demand, industry sources said on Tuesday.

The South Korean company has already started on the project, which currently assembles around 1 million LCD units per month to be used in flat screen TVs and PC monitors, said the sources, who are familiar with the plan.

Foreign and domestic companies are racing to expand LCD production in China, with demand expected to increase rapidly for notebook computers and flat screen TVs.

Last month, Japan"s Nitto Denko Corp.said it would spend about $165 million to build a new factory in China to make LCD panels to meet demand for flat screen TVs.

Local players are adding to the competition. TCL Corp., a major Chinese electronic appliance maker, is in talks with partners for a possible LCD plant in the booming southern town of Shenzhen near Hong Kong, industry sources said.

Samsung manufactures the LCD screens themselves only in South Korea, but runs overseas plants to assemble the screens and other parts to make LCD modules for televisions and other display units.

“So, the expansion is necessary for Samsung at the current stage, otherwise its rivals will catch up,” the source said, adding that Samsung now controls 20-30 percent of domestic market share for its sales of PC monitors.

The electronics giant aims to boost the market share for its PC monitor sales to 50 percent in China after the plant expansion is finished, said the source, who did not want to be identified.

Samsung is trying to consolidate its position as the world"s biggest LCD maker amid fierce market competition from rivals including LG.Philips LCD Co. Ltd.and Taiwan"s AU Optronics Corp..

Global demand for LCD TVs is expected to grow 56 percent to 69.7 million units in 2007, and a further 35 percent to 93.8 million units in 2008, according to DisplaySearch.

Samsung’s latest plan to expand its Suzhou LCD plant could be just the beginning of a new round of investment in China by the company, the sources said.

Samsung has another LCD module factory in the northern city of Tianjin, near Beijing. The sources said Samsung was also considering increasing its investment in the Tianjin plant.

((Editing by Matthew Tostevin; sophie.taylor@reuters.com; Reuters Messaging: sophie.taylor.reuters.com@reuters.net; +86-21-6104-1791)) Keywords: SAMSUNG CHINA/PLANT

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TPV Technology Limited (informally TPV, Chinese: 冠捷科技) is a Fortune China 500 multinational electronics manufacturing company headquartered in Kwun Tong, Hong Kong, and incorporated in Bermuda.computer monitors with a 33% market share.CRT and TFT LCD monitors as well as LCD TVs for distribution globally.AOC, Envision, and Philips for some products (TPV obtained the brand name of Philips from Koninklijke Philips N.V.). It is also an original design manufacturer for other companies.

The company was founded in 1990 in China as Top Victory Electronics, as the mainland China manufacturing plant of AOC International (founded in 1967).

In September 2005, TPV Technology acquired part of Philips" monitor and entry-level flat screen TV manufacturing business, making it the largest display manufacturer in the world.Chi Mei Optoelectronics Corporation.

In June 2009 MMD (Multimedia Displays) as a wholly owned company of TPV was established through a brand license agreement with Philips, and its role is to exclusively market and sell Philips branded LCD monitors and displays worldwide. Three categories of Philips product lines are included under the agreement: the Business and Consumer Range of LCD monitors, Public Signage and Hotel/Hospitality TV.

Sayer, Peter (20 June 2005). "Philips deal makes TPV world"s biggest monitor maker". www.arnnet.com.au. IDG Communications. Retrieved 4 November 2018.

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FUZHOU, Dec 15 Asia Pulse - AOC Electronics has taken the place of Samsung Electronics (KSE:005930) to become the world"s No.1 LCD monitor producer this year, though its output of traditional monitors and total output of monitors still lags behind those of Samsung Electronics.

Now the total monitor output of AOC Electronics is only some one million sets less than that of Samsung, and the gap is narrowing, according to a company source.

AOC Electronics will invest another US$50 million next year to build a research and development building and a new factory in Fuqing, a city neighboring Fuzhou, capital city of east China Fujian Province. Then AOC is expected to surpass Samsung to be the world"s largest monitor producer in the coming two years.

It is predicted that AOC will generate some US$3.5 billion of output value this year, 60 per cent more than last year"s US$2.1 billion. Currently, AOC"s output of traditional monitors has made up one-fifth of the world"s total.

The LCD monitor industry has entered an era of thin profit margins, as the price on the international market plunged by half in the second half of this year, from a peak of US$320 in the first half. Industry insiders have pointed out that if the price continues to dive, a big batch of small and medium-sized LCD monitors will face closure in 2005.

XIANHENG TECH established in 2013, began operation by instituting time-honored ideals, continues to reinforce the principles of being a leading display manufacturer to industry. XIANHENG Tech consistently strives to uphold exceptionally high standards concerning technology and product development while remaining deeply attentive to quality, on-time delivery and remaining highly price competitive.

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