Suzhou New Sea Union To Invest 270 million in LED Plant

Reportedly, producer of FTTx telecom, video software and networking products, Suzhou New Sea Union Telecom Technology, schelules to invest 270 million yuan into Suzhou Nanojoin Photonic.

New Sea Union will have 90% share in the target company, whose registered capital will be increased to 85 million yuan.

Nanojoin Photonic will focus its business on the ranges from the research and development of LED to the sales of semiconductor lighting. And it will invest a total of 689.89 million yuan to produce nanocrystalline photovoltaic LED epitaxial wafers and in chip packaging projects. It will also invest in 20 units of imported MOCVD equipment.

It expects the first phase of its LED investment to start operations at the end of 2012, with annual production capacity of 92,000 units of wafers.

Keywords:
China

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