UPDATED. 2024-03-28 05:14 (목)
Avaco signs LCD equipment deal with China’s HKC
Avaco signs LCD equipment deal with China’s HKC
  • Jong Jun Lee
  • 승인 2019.11.10 00:24
  • 댓글 0
이 기사를 공유합니다

Looking to take up bigger stake in China
Polarizer attacher
Polarizer attachers

South Korean supplier Avaco is making bigger foray into China by signing a deal to provide equipment to Chinese display maker HKC, with which it first began to do business just this year, the company said in a disclosure on Nov. 7.

The deal is worth 16 billion won, and it’s with one of HKC’s local corporations – Beihai Huike Optoelectronic Display. Avaco will be supplying mainly polarizer attachers to the firm’s LCD module plants.

Avaco will be supplying the same equipment to HKC’s Gen-8.6 LCD production lines in Sichuan Province, which are to go into operation in March 2020. “It hasn’t been long that we began relations with HKC, but we expect to keep working together in more areas,” said an Avaco official, adding that the firm is working hard to make progress in China.

The local supplier is currently looking for opportunities to supply to the H5 lines in Hunan 성, where HKC began building facilities for its 8.6-Gen large-sized OLED panels in September this year.

In the third quarter of this year, Avaco’s accumulated earnings stood at 177.3 billion won, while its operating profit reached 19.6 billion won. Annual sales are estimated to be of a similar amount as last year’s 243.4 billion won.

HKC was established in 2001. In addition to display-making facilities, it also produces TVs for other brands. According to Chinese market research firm AVC, HKC shipped a total of 3.2 million TVs in the first half of this year.

HKC currently mass-produces 8.6-Gen LCD lines from two locales in China. It is expected to delay the construction of its newly-planned H3 Gen-11 LCD production line. Market research firm IHS Markit said HKC shipped 5.31 million LCD panels for TVs in the Q3. During the same period, BOE had shipped 13.72 million units to record the biggest amount in the market.

 

The Elec is South Korea’s No.1 tech news platform.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트