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Konka to spend 900 million yuan into the construction of the upstream area of LCD modules
Konka today's announcement will spend 900 million yuan to build LCD module, bringing China's top five LCD color TV giants all entered the upper reaches of the area.
    
     Konka, today issued a public notice that in order to improve the Konka competitive edge in the LCD TV, LCD TV business to enhance profitability, Konka LCD module will be set up project companies, investment LCD modules. The project total investment is about 886 million yuan in fixed assets, Konka LCD modules will be built eight production lines, single-class production capacity of approximately 2.4 million.
    
     Announcement said, Konka LCD module plant is expected to start the fourth quarter of 2008, put into operation is conducive to further control the color TV Konka, the upper and lower costs through integrated design, making Konka LCD TV production costs reduced by about 10%.
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