Quanta Display Plans to Expand Production Capacity
November 29, 2000 (TAIPEI) -- In view of the thriving TFT-LCD market need, Quanta Display Inc., an affiliate of leading local notebook maker Quanta Group, plans to invest between NT$3 billion and NT$5 billion to expand its TFT-LCD production capacity.
It is believed to be aiming at expanding its monthly consumption of glass substrates, a major part for TFT-LCDs, to 36,000 units from the present 30,000.
Quanta Display has a TFT-LCD production line at its factory in Hwa Ya Technology Park, located in Taoyuan County. The production line is based on the 3.5-generation manufacturing process, with a monthly consumption capacity of 30,000 glass substrates. In order to expand its production capacity of large-sized TFT-LCDs to increase its market competitiveness, the company has to raise more funds, as its initial capital of around NT$15 billion almost has been exhausted. (NT$32.85 = US$1)
The company is not expected to raise funds by issuing new stock in the market due to the continuing troubles of the Taipei bourse. Instead, it plans to apply for either a syndicated loan or a loan from the Medium- and Long-term Fund under the Executive Yuan (Cabinet), set up to encourage the establishment of local strategic businesses.
The company's production line, based on the size of glass substrates, is mostly designed for producing 14.1-inch TFT-LCDs, a main supply source for Quanta Computer's notebook computers. Quanta Group has turned actively in its investment strategy to China, and has acquired its major technology from Sharp Corp.
(Commercial Times, Taiwan) |
