Tungshu Group and Huaihua city sign agreement on Mini LED related project
2021-07-02 14:58:15 [Print]
On the morning of 23 June, Huaihua city of Hunan held the second commencement event of 2021 for major projects and the signing ceremony for project of Tungshu Group. At the signing ceremony, Huaihua city and Tungshu Group signed the agreement regarding phase II project of Hunan Photoelectric New Materials Industry Park.
Located in Hi-tech District of Huaihua, Hunan Photoelectric New Materials Industry Park with a total investment of RMB2.5 billion (USD0.39 billion) covers a land area of 300mu and has a total construction area of 128,133.84 square meters. Phase II project will expand the production capacity of the Mini LED backplane and high-end electronic glass production line and supporting facilities constructed in phase I project. With the estimated completion in 2025, the project expects annual sales revenue of RMB2.1 billion (USD0.32 billion), average annual profit of RMB488 million (USD75.34 million) and tax of RMB135 million (USD20.84 million) after achieving designed production capacity.
Located in Hi-tech District of Huaihua, Hunan Photoelectric New Materials Industry Park with a total investment of RMB2.5 billion (USD0.39 billion) covers a land area of 300mu and has a total construction area of 128,133.84 square meters. Phase II project will expand the production capacity of the Mini LED backplane and high-end electronic glass production line and supporting facilities constructed in phase I project. With the estimated completion in 2025, the project expects annual sales revenue of RMB2.1 billion (USD0.32 billion), average annual profit of RMB488 million (USD75.34 million) and tax of RMB135 million (USD20.84 million) after achieving designed production capacity.
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