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NH Techno Glass Singapore invests for LCD expansion

NH Techno Glass Singapore (NHTS) said 31 January 2005 that it will invest JPY 10 billion (SGD 159 million) to expand production capacity in Singapore in order to take advantage of the global boom in d…

NH Techno Glass Singapore (NHTS) said 31 January 2005 that it will invest JPY 10 billion (SGD 159 million) to expand production capacity in Singapore in order to take advantage of the global boom in demand for LCD screens. The company, wholly owned by Japan“s NH Techno Glass Corp, will build a new glass substrate manufacturing line and expand existing production lines. About 50 jobs are expected to be added once the extra capacity is in place. The new manufacturing line will produce seventh-generation LCD substrates that will be primarily used for 40-inch television screens. Construction is due to start after the Chinese New Year, with the aim of starting production in January 2006. The panels to be produced will be larger than those being made at NHTS“ Tuas plant. Once the new line and expanded existing lines are completed, overall output will rise from 100,00 sq m to 250,000 sq m of glass panels a month. The size of the increase is justified by market growth, according to the company. “Based on estimates of many institutions, total global demand for LCD screens is expected to increase by more than 20% this year,” said NHTS managing director Masatake Murakami. The global market for LCD glass panels is worth about JPY 300 billion. The latest cash injection will bring NHTS“ investment in Singapore to JPY 20 billion. The company started its Singapore operations in 2000.

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