Quanta Display Inc (
The venture between Quanta Computer Inc (
"Quanta Display is racing against AU Optronics Corp (
AU Optronics declined to comment on its expansion plans. The world's third-largest flat-panel display maker said only that it plans to sell at least NT$23.8 billion (US$688 million) worth of shares to finance future projects.
Quanta also competes with South Korean rivals Samsung Electronics Co and LG.Philips LCD Co, the two largest makers of flat-panel displays. LG.Philips said it will become the first to operate a so-called fifth generation plant producing the larger screens in April of 2003. Samsung said it plans to begin mass production at its new facility in October.
Quanta Display said it will install its new production line in October and start commercial production by the middle of June next year.
The company also said it plans to raise as much as US$500 million selling shares overseas in addition to a NT$15 billion (US$434 million) bank loan to finance the expansion, Yang said.
Sharp, Japan's largest maker of liquid-crystal display screens, earlier estimated the industry will ship more than 25 million flat panels this year, up from about 15 million units a year ago. An increase in demand also means higher prices, which have gained about a third since last year, Yang said.
In the second half, Quanta Computer plans to sell as many as 2 billion shares in Quanta Display for the first time to local investors, the company said in a statement.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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