Today: January 17, 2019, 5:19 am

TCL’s Panel Manufacturer CSOT Commences Production of High Generation Panel Modules 2018-06-14 15:28:01

TCL’s Panel Manufacturer CSOT Commences Production of High Generation Panel Modules

Media Contacts:
TCL Multimedia
Phillip Wu
Tel: +86 755 3331 1958
H+K Strategies for TCL Multimedia
Rachel Wu
Tel: +852 2894 6292

TCL-owned Shenzhen China Star Optoelectronics Technology Co., Ltd (CSOT), a world-leading panel supplier, today announced it has commenced production of its high generation panel modules, underpinning TCL’s vertical integration strategy.

This press release features multimedia. View the full release here:

Senior executives from TCL Corporation and Huizhou government officials attended the ceremony for ce ...

Senior executives from TCL Corporation and Huizhou government officials attended the ceremony for celebrating the commencement of production of high generation panel modules in Huizhou on June 12, 2018 (Photo: Business Wire)

The High Generation Panel Module Project, which started in May 2017 and covers an area of 519,000 square meters, represents an investment of US$1.5 billion (RMB 9.6 billion) and is part of the TCL Group’s Module-Set Integrated Smart Manufacturing Industrial Park Project in Huizhou, China. Phase one of the construction is expected to be completed in 2019 with a design capability of 40 million modules per year, and phase two is expected to be completed in 2021, with a design capacity of 60 million modules per year.

“Our significant investment in CSOT is part of TCL’s business strategy to achieve success in the global TV industry, by fully-integrating the TV manufacturing process,” said Tomson Li, Chairman and CEO of TCL Corporation. “All our efforts will benefit our customers who will enjoy higher-quality TV products.”

In May 2018, CSOT announced its latest joint investment of US$6.55 billion (RMB 42.68 billion) in the second, 11th generation (“G11”) panel production line in Shenzhen, China, known as t7, revealing TCL’s vision for 8K products and the high value-added market.

The joint investment in t7 was agreed between TCL Corporation, CSOT and the Shenzhen Major Industrial Development Fund. It will have the design capacity to manufacture 90,000 sheets of substrate glass per month, and will be primarily dedicated to 65-inch, 70-inch and 75-inch 8K high-definition displays, as TCL sees the demand for large high-definition TV products continue to grow.

There was also further progress in CSOT’s first G11 panel production line, known as t6, with the company moving the main production equipment into place to prepare for the start of production.

With an investment of US$7.25 billion (RMB 46.5 billion), construction of t6 started in November 2016, and CSOT announced the roof sealing of the main building in November 2017. It is expected to commence mass production in March 2019, with a design capacity of 90,000 sheets of substrate glass per month, which will greatly improve TCL’s production of big screens, such as the 65-inch and 75-inch LCD screens.

About TCL Multimedia

Headquartered in China, TCL Multimedia Technology Holdings Limited (HKSE: 01070) is one of the leading players in the global TV industry, engaged in the research and development, manufacturing and distribution of consumer electronic products. With a new product-and-user-oriented business model that focuses primarily on a “Double +” strategy aiming to achieve “Smart + Internet” and “Products + Services”, TCL Multimedia is striving to become a “global entertainment technology enterprise” that provides integrated entertainment solutions to customers.

Press Information

Published by
Hossam Abdel-Kader
+43 1 9582319

# 601 Words
Related Articles
More From The Author
LATAM Airlines Group: Sustainability Report 2017
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.The issuer of [..]
Dallas and Fort Worth Mayors Leading Trade [..]
Dallas Mayor Mike Rawlings and Fort Worth Mayor Betsy Price announced today they will be leading a trade mission June [..]
Biomax Announces Early Adopter Program for NeuroXM
Biomax Informatics AG announces an early adopter program for its new product, the NeuroXM™ Brain Science Suite. The NeuroXM suite [..]
Bombardier Announces Organizational Changes
Bombardier Inc. / Bombardier Announces Organizational Changes . Processed and transmitted by Nasdaq Corporate Solutions. The issuer [..]
Kojamo plc: The IPO of Kojamo has [..]
Stock Exchange Release June 14, 2018, at 2:20 p.m. EET NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN [..]
More From Business
3,300+ Finance, Business Leaders Join Asian Financial [..]
HONG KONG, Jan 16, 2019 - (ACN Newswire) - More than 3,300 financial policymakers, financial elites and business leaders attended [..]
The Executive Talk: Chememan PCL (SET:CMAN)
BANGKOK, Jan 15, 2019 - (ACN Newswire) - Chememan PCL (SET:CMAN) Chief Executive Officer, Mr. Adisak Lowjun discusses the company's [..]
Sapphire's Subsidiary Awarded EPC Contract of RMB [..]
SINGAPORE, Jan 15, 2019 - (ACN Newswire) - SGX Mainboard-listed Sapphire Corporation Limited ("Sapphire", and together [..]
Hong Kong Investment Promotion chief visits London [..]
HONG KONG, Jan 14, 2019 - (ACN Newswire) - The Director-General of Investment Promotion of the Hong Kong Special Administrative [..]
Wildfire Design & Build Receives 2018 Best [..]
NAPA December 13, 2018 -- Wildfire Design & Build has been selected for the 2018 Best of Napa Award in [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.