On the evening of 30th, BOE Technology Group Co.,Ltd., A world-leading Internet of Things innovation enterprise listed on A-share, announced that it will invest in the construction of the world’s largest single mobile display module factory in Qingdao West Coast New District.
The announcement says, BOE’s wholly-owned subsidiary Hefei BOE optoelectronics technology co., LTD. (hereinafter referred to as the “Hefei BOE”) and Qingdao Haihang Group Financial Holding Co. LTD (hereinafter referred to as “Qingdao Haihang”), and Dongguan United Dongchuang Photoelectric Technology Co., LTD (hereinafter referred to as United DongChuang) jointly invest 8.17 billion RMB to build BOE Iot Mobile Display port device Production base project.
The company name of the project is Qingdao BOE Optoelectronic Technology Co., LTD. (subject to the industrial and commercial registration), and the main business is flat panel display technology for mobile display system. The construction site of the project is Wangtai Town, West Coast Economic Development Zone, Qingdao city, Shandong Province. It will build a new automatic module production line, and the main processes include polarizer laminating, TP laminating, BL assembly, etc. Construction projects include production and auxiliary production facilities, power facilities, fire protection facilities, environmental protection facilities, occupational safety and health and labor protection facilities, production management facilities, comprehensive supporting facilities, and outdoor projects, etc. After the completion of the project, the company may has an annual output capacity of 151 million display modules of various sizes.
BOE said that the online economy, such as telecommuting and online education, will become the normal. The demand for laptops and tablets is very strong and profitable, so panel manufacturers are shifting their production focus to IT panels, resulting in a tighter supply of mobile phone panels. At the same time, due to a lack of supply, downstream manufacturers actively stock up so that the demand for mobile phone panels increased. Therefore, BOE has arranged production in advance, increased the capacity of A-SI LCD and LTPS LCD modules, and improved the profitability of the module production line.
In addition, the construction of this project will help BOE mobile display port device display module of Internet of Things realize large-scale and centralized production, and the operation efficiency of production line will be greatly improved; company will further reduce operating costs through personnel efficiency improvement, industrial chain integration, equipment technical transformation and other ways, so as to enhance and strengthen the market competitiveness of products.
Post time: Sep-06-2021