Taiwan Plant Huashang (6289) plans to invest 30 million US dollars to set up LED epitaxial wafer Huashang Optoelectronics Co., Ltd. in Wujiang, Jiangsu, China. It is 100% owned by Huashang and the local government provides subsidies.
According to Guo Kaiyuan, general manager of Huashang, it is expected that Jiangsu new plant will introduce 10 MOCVD machines at the end of this year and officially put into production. By 2011, the number of MOCVD machines will reach 20, and 150 MOCVD machines will be introduced within five years. .
As for the "Changzhi High-Tech Huashang Optoelectronics Co., Ltd." established by Huashang and Changchun High-tech Industry in Shanxi Province, Guo Kaiyuan said that the case was approved by Taiwan before 3-4 weeks ago. Changzhi has already invested funds in the introduction of related equipment. It is expected to be put into production before the end of the year.
According to internal disclosures from China, thanks to the subsidies provided by the governments of mainland China to the LED upstream industry, and the help of the cost reduction of production capacity, Huashang will expand production in mainland China, and the Taiwan factory should not invest in capacity expansion.
Related stock price 2010/08/27 - 11:40 Huashang TWD 7.79 (-0.13%)
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