On January 19th, Orient (600666) announced the evening announcement that the company plans to invest 100 million yuan, accounting for 10%, and jointly invested with Inner Mongolia Land Resources Storage and Storage Co., Ltd. to set up Inner Mongolia Jinao Optoelectronics Technology Co., Ltd.; , invested 30 million yuan, accounting for 30%, and invested together with Hubei Baota Technology Co., Ltd. to set up Hubei Baota Optoelectronics Technology Co., Ltd.
According to Orient, the purpose of establishing a joint venture company in Inner Mongolia is to give full play to the company's research and development capabilities, technical capabilities, industrialization capabilities and equipment manufacturing capabilities in sapphire crystal growth and processing, with the help of partners in resource reserves, capital strength, and preferential treatment. There are clear advantages in energy prices (such as electricity prices). The purpose of establishing a joint venture company in Hubei is to use the country's policies and market opportunities to promote the rise of the central region and the development of the Yangtze River Economic Belt, and to use the land and labor of the partners and the Pagoda Optoelectronic Technology Industrial Park and the regional advantages located in central China to integrate the company itself. Overall strategic planning and business development needs.
According to the announcement, the Inner Mongolia company plans to invest 5,000 sapphire single crystal furnaces, all of which are purchased from the company. The project will be carried out in phases, of which 2,000 units will be invested in the first phase, and the implementation time of the first phase will be from January 2016 to November 30, 2016. The follow-up investment progress will be determined according to market changes and implementation. The company said that the external resources will be used to lay out and integrate the sapphire supply side industry chain, which will enhance the company's influence and comprehensive competitiveness on the global sapphire industry and accelerate the large-scale application of sapphire materials on consumer electronics. To further enhance the profitability of listed companies.
The company's business scope includes sapphire products, 3D glass, ceramic materials, LED lighting and other products. Ored said that this can give full play to the company's cohesiveness, appeal and innovation in the sapphire and related optoelectronic materials and LED lighting industry chain, focusing on the development of new materials and device modules such as sapphire for mobile phones, automobiles, industrial equipment and other products. The industry and the LED lighting industry will play a synergistic effect and will provide industrial support for the large-scale application of new materials such as sapphire in consumer electronics and automotive and industrial equipment products, and will be active in the development of new sapphire materials and related industries and companies. Promote.
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