Samsung SDI invests 200 billion won for polarizer plant in China’s Wuxi

28 May

Samsung SDI, a subsidiary of Samsung Group, announced recently to establish a new polarizer film facility in Wuxi, China, with a budget of 200 billion Korean won (US$180.2 million) and an estimated production of 20 to 30 million units of 48-inch LCD TVs per year.

Samsung SDI CEO Namseong Cho and Li Xiaomin, China’s Communist Party secretary of Wuxi in Jiangsu province, on May 25 signed a memorandum of understanding (MOU), which suggested the plant will have an annual capacity of 30 to 40 million square meters. The facility, with mass production scheduled for the end of 2016, will meet the specifications of the eighth-generation panel line.

Samsung SDI entered the polarizer film market in 2007 after acquiring ACE DIGITECH and announced the development of the PET film to replace polarized TAC film in 2013. The company now has three production lines in Cheongju, South Korea.

According to Samsung, once in operation, the new facility will help boost the group’s production capacity. In the next five years, the polarizer film market will have an average annual growth of 6 percent, while the growth in China is estimated at over 16 percent, making China the major polarizer film market for big screen TVs. Sources said products from the Wuxi plant will also supply display manufacturers in Suzhou area.

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