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>> Rainbow shares and Corning to build LCD glass substrate production line 26th,Sep,2017
May 26 evening, Rainbow shares announced that recently, Rainbow shares and Corning Display Technology (China) Co., Ltd. signed a joint venture memorandum of cooperation, the two sides will jointly funded the establishment of joint ventures in China, the construction and operation of 8 generations and above LCD glass substrate After the production line. Rainbow shares which share 51% stake in the joint venture. It is reported that Corning for the US 500 companies, is the glass substrate industry leader, with the manufacture of high-generation LCD glass substrate technology. Rainbow shares and Corning strong combination, to change the global substrate glass industry as a whole strategic layout of the epoch-making significance.
The photo shows the assistant manager of China Electronics, the chairman of the Rainbow Group, party secretary, Rainbow shares Chairman Zhu Lizeng on behalf of Rainbow shares and Corning signed a joint venture memorandum.
Joined forces
win-win
With the support of China Electronics, Rainbow and Corning Display Technology (China) Co., Ltd. on the glass substrate industry cooperation after 16 rounds of friendly talks, the two sides on key issues, many exchanges of views. Recently, the two sides agreed on the cooperation framework and signed a memorandum. Corning and Rainbow jointly set up a joint venture, of which 51% of the rainbow shares, Corning accounted for 49% of the shares. The two sides joint venture to build 8 generations and above LCD glass substrate after the production line project, which is the first time in China and Corning domestic enterprises on glass substrate matters joint venture.
Rainbow shares
Corning of the United States
Rainbow shares is the domestic R & D, manufacturing and sales of glass substrate products as the main business of listed companies, have a sound production and sales system. At present, the company to rainbow flat glass display technology national engineering laboratory for research and development platform, has built Xianyang, Hefei and other glass substrate industry base, the main customers include CLP Panda, BOE, Dragon Optoelectronics, Tianma and Taiwan group Chuang.
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