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Name: Jessie
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E-mail: jessie@rxxdisplay.com
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Company News >> Rainbow shares and Corning to build LCD glass substrate production line 28th,July,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 set up a joint venture in China, the construction and operation of 8 generations and above LCD glass substrate After the production line. Rainbow shares which hold 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, the overall strategic layout of a landmark 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 exchange of views. Recently, the two sides reached a consensus 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.