BOE plans to build the world's tallest generation line with

2015-06-23

On April 20th, BOE announced its plan to invest in the construction of a 10.5-generation thin-film transistor liquid crystal display device production line project in Hefei, Anhui Province. 

The announcement states that the 10.5-generation thin film transistor liquid crystal display device production line project in Hefei mainly produces high-end smart TVs and digital information displays with ultra large sizes and ultra-high resolutions of over 60 inches. The designed production capacity is 90000 glass substrates per month, with a glass substrate size of 3370 × 2940mm and a total investment of 40 billion yuan. The project is scheduled to start construction before the first quarter of 2016 and is expected to be put into operation before the end of 2018.

According to industry consulting firm IHS DisplaySearch, the demand for products with a size of 60 inches or more is expected to reach 20 million square meters in 2021. The 10th generation line is the most efficient production line for cutting products over 60 inches. After the completion of the BOE Hefei 10.5 generation line, it will effectively fill the huge production capacity gap.　

On the same day, BOE also announced the signing of an investment framework agreement with the Fuzhou Municipal Government and Fuzhou Urban Construction Investment Group Co., Ltd. for the BOE Fuzhou 8.5-generation new semiconductor display device production line project. This project is used to produce large-sized, ultra-high resolution high-end smart TVs and digital information display screens. The designed production capacity is 120000 glass substrates per month, with a glass substrate size of 2500mm × 2200mm and a total investment of 30 billion yuan.　　

Regarding the source of project funding, Zhang Yu, Vice President of BOE, stated that the total investment of the project consists of capital and bank loans, and the capital portion of both projects will not be obtained through capital market financing.　

Zhang Yu believes that with the development of the new Internet era, the transformation of consumer consumption concepts and the continuous progress of TFT technology, the market for large size UHD products is on the rise. In 2015, the average size of China's TV will reach 42.7 inches, and consumers are more inclined to choose products with larger size and better display effect screens. In addition, the demand for large screens in the commercial market is gradually increasing, and with the rise of new technology applications, it will bring new development opportunities to the panel industry, with broad market prospects. 

According to industry consulting firm IHS Display Search, the global demand for flat panel displays is expected to steadily increase over the next five years. It is expected that the demand area for large-sized ultra high definition panels will reach 30.4 million square meters in 2015, and by 2019, this number will reach 77.7 million square meters, with a compound annual growth rate of 26.4%. Among them, it is expected that the demand area for ultra high definition panels over 60 inches will be 10.4 million square meters in 2015, and by 2019, this number will reach 18.9 million square meters, with a compound annual growth rate of 33.1%, indicating a significant increase in market demand.

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