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Article: IRICO GROUP HAS SHUT DOWN ITS LCD PRODUCTION LINE
- Article from:
- AsiaInfo Services
- Article date:
- July 20, 2009
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AsiaInfo Services
07-20-2009
Irico Group Has Shut down Its LCD Production Line
XIANYANG, Jul 20, 2009 (SinoCast Daily Business Beat via COMTEX) -- China's biggest CRT producer Irico Group has shut down its sixth-generation LCD panel production line, which is based in Zhangjiagang City, Jiangsu Province, east China.
In October 2008, the group joined hands with Zhangjiagang Municipal Government to establish the flat-panel industry base, with a total investment of CNY 14.6 billion. The group planned to build the base with a production capacity of 4.372 million 32-to-37-inch screen LCD panels.
The principal reasons of the shutdown are both the losses in the global panel manufacturing industry ...