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TPV evaluates sites for new China LCD monitor plant

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TPV evaluates sites for new China LCD monitor plant

TPV Technology, the world’s second-largest monitor maker, said it is currently visiting a number of sites for its new LCD monitor plant, with Shanghai considered the most likely due to the city’s convenient transport links. A decision will be made as early as this month, pending the closing of a US$40 million share sale to finance the construction, according to a company vice president. Earlier press reports put the fund-raising target at US$20 million. After its capacity expansion, TPV expects to grow its annual LCD monitor output from this year’s 2.5 million units to 3.5 million in 2003, and five million in 2004.

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