Tongren•Xinhetai invested a total of 120 million US dollars in PSS substrate project in Changzhou Wujin

On the afternoon of July 3, the Tongren•Xin and Thai Sapphire PSS (Graphical Substrate) project was held in Wujin High-tech Zone, Changzhou City, Jiangsu Province.

After several rounds of investigation, Tongren•Xinhetai decided to invest in Wujin High-tech Zone to set up a graphic substrate production and R&D company. The new company has a registered capital of 40 million US dollars and a total investment of 120 million US dollars. Among them, the foreign investment in 2012 is not less than 10 million US dollars. It is planned to reorganize Jiangsu Xinhetai Optoelectronics Technology Co., Ltd. within three months after the establishment of the new company. Within two years from the date of the launch of the new company, the new company will form a production capacity of 400,000 pieces of PSS sapphire substrate per month, achieving an annual sales income of 400 million yuan and a profit and tax of 60 million yuan.

Wujin High-tech Zone said that the presence of Tongren•Xin and Thai Sapphire PSS project will further deepen the Wujin LED industrial chain, enhance the industrial competitiveness, and further promote the driving and supporting role of large enterprises and large groups to form a synergy between key enterprises and supporting enterprises. The industrial pattern will play a positive role.

Tongren Electronics also hopes to sign a new opportunity for the sapphire project to sign up, speed up the pace of construction, continuously introduce advanced equipment and technology, and accelerate the formation of new development advantages.

Founded in 1954, Jiangsu Xinhetai Machinery Group has been involved in the LED industry in recent years. Since 2011, under the all-round cooperation with Tongren Electronics, Xinhetai Investment has established a PSS (Graphical Substrate) project, and in April 2012, it successfully produced high-brightness PSS products, which were obtained in Taiwan and China. Customer certification.

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