Jingdian increased capital of 54 million US dollars to expand production capacity of Xiamen Shandong LED

Jingdian will expand its production at the request of customers and will expand its capital expenditure next year. It is expected to spend US$54 million to expand production in Xiamen and Shandong. The situation of the LED industry next year is better than this year.

Jingdian plans to invest US$34 million in Guanxi (Shandong) Optoelectronics Technology Co., Ltd., which invested 100% of the investment, and US$20 million in Jingyu Optoelectronics (Xiamen) Co., Ltd., which has a 60% shareholding, totaling US$54 million. The purpose is to expand production capacity.

Zhang Shixian, deputy general manager of Jingdian, said that last year should be the worst time for the LED industry. This year is a little better, and next year will be better than this year. Internal evaluation of Jingdian, LED industry will be a double-digit growth next year, and it is estimated that the market will reach the balance of supply and demand in the second half of next year. Jingdian is expected to restore its prosperity before the financial tsunami in 2015.

The supply chain related to crystal power has also recently moved. The long-term quest for the crystal power is also required by the crystal power. The establishment of a new plant in Xiamen has started, and the monthly production capacity will rise to 4 billion. Dingyuan’s recent orders for wafer power products have also doubled.

In the future, the monthly production capacity of LED Lei will increase from the current 140,000 to 200,000. The MOCVD machine of Guanquan will also expand the current 18 units to 35 to 40 units to establish an economic scale.

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