Auo And Tpv In Poland Tft - Lcd Module Odm Tv Production Joint Venture

AU Optronics Corporation, held March 12, 2010, in which the Committee approved a resolution to establish the TFT - LCD module production and TV - ODM set with TPV in Gorzow, Poland, Ltd. for Joint Venture Board meetings in order to provide closer customer service, and develop the European market. If the investment plan is approved by the relevant regulatory authorities, the joint venture will be another AUO and its strategic alliance partners, and a new mode of operation, providing international brands locally. At the same time, it is the third post-development module plant in the Czech Republic and Slovakia AUO to set up production bases and more complete on-site service the European market.
AUO and TPV Technology on Board of Directors approved on the basis of the strategic alliance, set up a joint venture company merger in the European market TPV's a good brand image and business infrastructure, and the Friends of the leading technology, TV panel production strength . The joint venture will be named "BriVictory display technology (Labuan) Limited" one dollar initial capital of 4,000 million U.S. dollars. AUO and TPV will own 51% and 49% owned joint venture company, respectively.
"AUO has been committed to provide customers with value-added services, including comprehensive design and overall product solutions," said KY Lee, chairman of AU Optronics. "TPV has a strong market in the European LCD TV manufacturing capacity. With the TPV product assembly, AUO hopes in TPV use, in order to strengthen the business position in the European market's excellent performance. The joint venture will give full play to their strengths and competitiveness of the long-term interests of both sides. "
Dr. Jason Hsuan, Chairman and CEO of TPV Technology said, "TPV is the world's leading manufacturer of PC monitors and the largest LCD TV ODM companies. We are very pleased to have friends of our strategic partners to further develop the European market. AUO has become a world-class panel manufacturers continue to focus on new technology innovation. The two companies work closely with the good times in the past. We can not only gain from cooperation in a stable panel supply, but also can improve assembly amplification efficiency to the system to provide better services cooperation in the future European customers. "
TPV Technology Limited
TPV Technology is a leading solutions provider in the design and personal computer monitors and LCD TVs are widely distributed to the professional production of more than 30 countries. TPV's products add value to customers through cost leadership, timely delivery and quality. TPV brands include AOC and Envision.
Currently, TPV is the world's largest personal computer shipments in the display manufacturer. It is listed in Hong Kong and Singapore Stock Exchange.
About AU Optronics
AU Optronics Corp. (AUO) is the world's top three manufacturers of thin-film transistor liquid crystal display (TFT - LCD's )(*) AU Optronics to provide a comprehensive application panel size and a full range of customers, provides 1.2 to 65 inches from the large-size TFT - LCD panels. Friends of NT $ 359.3 in revenue generated 200.9 billion yuan (112 billion U.S. dollars), and now the house in Taiwan, China, Japan, Singapore, South Korea, the United States and Europe more than 42,000 global business employees. In addition, AUO is the first pure TFT - LCD manufacturing company successful in the New York Stock Exchange (NYSE) listed. AUO to expand its market in the green energy industry, the end of 2008, formally established in October 2009 its solar photovoltaic division.