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LG Display and Amtran to set up LCD panel joint venture
September 1, 2008
Reuters: South Korea's LG Display Co Ltd. and Taiwan's Amtran Technology agreed on Monday to set up a joint venture in China to produce flat screen modules and manufacture TV sets for brand makers. The LG-Amtran joint venture will be set up in Amtran's existing production base in Suzhou, China, with initial funding of $20 million. LG Display will own 51 percent of the new company and Amtran, maker of Vizio brand LCD TVs, will hold the remaining 49 percent.
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