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Dongxu Optoelectronic: project of polarizer is put into production

发布时间:2017-07-12
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      On July 3rd, Dongxu Optoelectronic Technology Co., Ltd. (Dongxu Optoelectronic, 000413.SZ) announced that the two back-end production lines in Fujian, which were built by its subsidiary Xuyou Electronic Materials (Wuxi) Co., Ltd. (Wuxi Xuyou), were put into production officially on June 30th. Thus the total annual capacity reached to 10 million square meters.

      Dongxu Optoelectronic said polarizer would be another pillar products for its optoelectronic display business, after the TFT-LCD glass substrate, and would realize synergy with existing business, helping to enhance the company's overall strength and position in its industry. The production of polarizer marks the company realizes whole production chain in the optoelectronic display industry.

      The polarizer project, which is an exemplary cooperation between China and Japan in the field of optoelectronic core materials, is entering the substantive phase and will be beneficial to Dongxu Optoelectronic.

      Wuxi Xuyou was jointly funded by Dongxu Optoelectronic, Sumitomo Chemical, one of the three biggest polarizer manufacturer in the world, Dongwoo fine-chem and Tomi International. Dongxu Optoelectronic invested JPY 9.257billion (approximately RMB500 million) to get a 51%ownership stake.

According to the plan, the target of annual capacity exceeds 20 million square meters and the annual revenue would be more than RMB 2 billion after it enters full production.

      Polarizer is a kind of optical film which is attached to the rear and top LCDs, and the function of the polarizer is to improve color and definition, making it possible to see the screens of LCDs. As a kind of critical material for display, the manufacturing technology has been mastered just by a few Japanese and Korean companies. Panel manufacturers in China have long been highly dependent on imports.

      A study has pointed out that the challenge for China's polarizing film industry is conflict between the low production output and the increasing market demand. According to statistics, the polarizer demand in China market has accounted for 14.86% of the world in 2014, and is expected to reach 28.24% in 2018. The annual polarizer output of all Chinese companies and Taiwan-funded enterprises in mainland China has only accounted for 8.8%。

      Chinese companies represented by Dongxu Optoelectronic, get an opportunity to localize Polarizer under the circumstance of supply shortage.

      In recent years, Dongxu Optoelectronic has always been committed to promoting the localization of optoelectronic display industry and achieved significant results. Up to now, it has realized a whole optoelectronic display upstream materials industrial chain including the TFT-LCD glass substrates, color film, polarizer, and cover glass and sapphire. 8.5-generation TFT-LCD glass substrates entered mass production this May,

      With the production of polarizer and the supply of 8.5 generation TFT-LCD glass substrates, the projects invested by Dongxu Optoelectronic enter into a harvest period, and will bring profit to the company. Additionally, with the newly acquired Sunlong Bus, Graphene LED lamp project, Graphene Power Battery project, Dongxu Optoelectronic would probably have a much better performance.