The 8.5G LCD Panel Project of CSOT Reaches Full Capacity Earlier Than Scheduled With 108,000 Sheets per Month

Sat Oct 13, 2012 11:40am EDT

* Reuters is not responsible for the content in this press release.

  SHENZHEN, CHINA, Oct 13 (Marketwire) -- 
China Star Optoelectronics Technology Co Ltd., a business union of TCL
Corporation -- a world leader in consumer electronics industry, announced
that its 8.5G LCD panel production line has reached full capacity three
months ahead of the original schedule. The 8.5G LCD panel production line
is now able to produce 108,000 sheets per month, with a product yield of
95%. This achievement not only marks the total success of China Star
Optoelectronics Technology's 8.5G LCD panel project but also sets a new
milestone for China's LCD panel industry. 

    The success of China Star Optoelectronics Technology is a realization of
TCL's strategic goal to completely build its entire LCD display industry
chain. Reaching full capacity is also a demonstration of Shenzhen's
production speed and quality to the world. The Celebration Ceremony is
held today in Shenzhen with the attendance of the government officials
including, Yang Xueshan, vice Minister of Industry and Information
Technology, Wang Rong, member of the Standing Committee of the CPC
Guangdong Provincial Committee and Secretary of the CPC Shenzhen
Municipal Committee, Xu Shaohua, member of the Standing Committee of the
CPC Guangdong Provincial Committee and Executive Vice Governor, Liu
Zhigeng, Vice Governor of Guangdong Province, Xu Qin, Mayor of Shenzhen,
Qi Chengyuan, Director of the High-Tech Industry Department of the
National Development and Reform Commission, Ding Wenwu, Director of
Department of Electronic and IT Products, Ministry of Information
Industry.

    Wang Yang, member of the Political Bureau of the CPC Central Committee,
Secretary of CPC Guangdong Committee, sent a congratulatory message to
highly praise the achievements of China Star Optoelectronics Technology.
As he has pointed out, the 8.5G LCD panel production line's full capacity
proved CSOT's demonstrating role in the industrial upgrading and
transforming of Guangdong Province. He hopes the company to make greater
contribution in future by sticking to the independent innovation and
enhancing the core competitiveness, productivity and influence.

    Li Dongsheng, Chairman of TCL Corporation, said, "China Star
Optoelectronics Technology is a very important pillar for TCL
Corporation. With its independent innovation and continuous investment on
research & development, China Star Optoelectronics Technology has made
great progress during the past 27 months. The operation and yield rates
have also increased steadily since the project's mass production last
October." He also believes that China Star Optoelectronics Technology's
8.5G LCD panel project will promote closer upstream-downstream
cooperation in the LCD-panel industry chain, accelerate the building of
the modern industrial system, as well as increase the global
competitiveness of China Star Optoelectronics Technology. 

    Since the launch of the LCD Panel Industry Development Plan (2010-2012),
China Star Optoelectronics Technology's 8.5G LCD panel production line
has been the first High-Generation TFT-LCD Panel Project in China, which
was built completely on its own through independent innovation. On
November 16, 2009, China Star Optoelectronics Technology was officially
signed and jointly launched by TCL Corporation and Century Science &
Technology Investment. The construction of the structural roof-sealing
and its main factories was completed ahead of schedule on December 28,
2010. The first-phase production of the 8.5G LCD panel was put into
operation on August 8, 2011, filling the gap for high-generation LCD
panels in Southern China. In October 2011, China Star Optoelectronics
Technology realized its mass production, with comprehensive yield
reaching as high as 82.73% in January this year.

    According to Chen Liyi, the Acting CEO of China Star Optoelectronics
Technology, during the past 13 months since CSOT went into operation, the
self-innovating HVA technology was applied. With its fast response, high
contrast ratio and high transmittance advantages, the products were
achieved in an industry-leading position. On March 9, 2012, China Star
Optoelectronics Technology successfully launched the world's largest
110-inch 4X full high definition (HD) 3D liquid crystal display (LCD)
screen "China Star," once again proving TCL's capability in research and
independent innovation. This revolutionary technology has enabled China
to become the third country to have successfully developed high-end
display technology, behind Japan and South Korea.

    In August 2012, China Star Optoelectronics Technology announced a sales
volume of 1.23 million units for its panels and modules, setting a record
of ten months -- the shortest time taken to produce millions of sheets in
the panel industry.

    China Star Optoelectronics Technology is set to become the leader of
China's panel industry, driving the whole domestic panel industry to
break through international bottlenecks. It is now the leading 8.5G LCD
panel production line in China that has the largest productivity for
32-inch LCD panels along the Straits. This effectively changed the status
of China's long-term dependence on importing large LCD TV panels, as well
as enhanced local enterprises status within the global flat-panel
industry. From a global perspective, the production of LCD panels is now
focused in China. Industry analysts have also noted that "with the full
capacity of the 8.5G production line, costs can be reduced to enable
China's panel industry to win over more global market share from
Japanese, Korean and Taiwanese counterparts." 

Photo
 The 8.5G LCD Panel
Project of CSOT Reaches Full Capacity Earlier than Scheduled with 108,000
Sheets per Month
 http://release.media-outreach.com/i/Download/641

    Company Logo
 http://release.media-outreach.com/i/Download/239

    About TCL
 TCL: An Emerging Power in China's Wave of Globalization

    TCL stands for "The Creative Life," a slogan that represents TCL's
aspirations of building one of China's most innovative and resourceful
enterprises.

    Founded in 1981, TCL is one of the largest consumer electronics
enterprises in China with a global presence. TCL Corporation has three
listed companies: TCL Corporation (SZSE: 000100), TCL Multimedia (HKSE:
1070) and TCL Communication (HKSE: 2618). Currently, TCL Corporation TCL
Corporation has set up four business units -- TCL Multimedia Holdings,
TCL Communication Holdings, China Star Optoelectronics Technology and
Home Appliances Group, as well as six business groups -- System
Technology Unit, Techne Group, Emerging Business Group, Investment Group,
Logistic & Service Group and Real Estate Group.

    TCL employs more than 60,000 people and has more than 40 sales offices
around the world, selling TCL, Thomson branded television and TCL,
Alcatel branded mobile phones. In 2010, TCL Corporation achieved global
sales of RMB 51.87 billion, with sales volume of 7.464 million sets of
LCD TV and 36.223 million handsets globally.

    TCL Corporation has established R&D centers and more than ten R&D
branches in China, U.S.A., France and Singapore and owns 20 manufacturing
bases globally, in China, Poland, Mexico, Thailand and Vietnam.

    TCL's vision is to build the most creative Chinese brand in ten years.
Looking forward to the future, TCL has drawn up a strategic development
target: to build a respected global leading enterprise that offers
customers only the most innovative and creative products. 

    
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Contact
Angela Zhang
Tel: +86.10.5775.5931 
Cell: +86.13436991186 
Email: angela.zhang@fleishman.com 

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