CDB-led Syndicated Banks Drive Chinese liquid Crystal Display Industry into Fast Lane

Syndicated loan contract signing ceremony for BOE G6 TFT-LCD production line " is held in Hefei on July 22. At the signing ceremony, BOE Technology Group Co Ltd the National Development Bank, China Minsheng Bank, Merchants Bank and China Construction Bank signed loan contracts up to 7.5 billion Yuan. The loan will be used for BOE G6 TFT-LCD (Thin Film Transistor Liquid Crystal Display) production line construction and operation.

National Development and Reform Commission, Ministry of Industry, Anhui provincial government, Hefei municipal government and other governmental departments at all levels, together with the National Development Bank, China Minsheng Bank, Merchants Bank, China Construction Bank and other representatives attended the signing ceremony, and celebrated the successful cooperation between banks and enterprises congratulations.

It is understood that BOE Hefei G6 TFT-LCD production line founded in April 2009, is now in equipment installation and will have its first panel lit early in September this year and will have its mass production in October. With a total investment of 17.5 billion, it s mainly producing TFT-LCD panels under 37-inch for in TV and computer monitor. After being put into operation, BOE Hefei G6 Line can produce many kinds of LCD panels with an annual sales income up to more than 12 billion Yuan.

As China's first high-generation line, BOE Hefei G6 line not only can further improve BOE industrial layout and enhance BOE LCD competitiveness, but also could fill the manufacturing space for large size LCD TV panels, promote the transformation of the domestic color TV industry, and enhance China's capability of independent innovation of liquid crystal display industry. More than 10 supporting companies have been around BOE G6 and have formed a development route of "leading projects - industrial chain - industrial cluster" expected to reach 100 billion Yuan output value.

BOE is confident to build Hefei G6 Line to be a "world's most competitive G6 Line" under supports from governments of all level and the community. As a technology and capital double-intensive industry, Liquid crystal display industry takes technical capabilities and financial strength as essential. Long-term stable funding will undoubtedly provide better protection for a profound future. The syndicated loan shows the financial institutions prospects over BOE development and China TFT-LCD industry.