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TPV to set up factories in Chengdu Hi-tech Zone

By Huang Zhiling (chinadaily.com.cn)
Updated: 2011-05-07 10:55

The world's largest LCD display manufacturer TPV Technology has signed an agreement with the Chengdu Hi-tech Zone to launch its R&D and production center in Chengdu, capital of Southwest China's Sichuan Province.

The center of an investment of $90 million is expected to start operation in 2012 and will reach its full capacity in five years, with an annual output of some 6 billion yuan, said officials from the zone.

The center is to be made as the major production base to supply the markets in Europe, southern and western Asia, said officials from TPV Technology.