Wuhan Airport Airport Administrative Committee, Yangtze River Industry Fund Management Company and Corning Corporation signed a cooperation memorandum.
Corning is the global market leader in display technology, optical communications, environmental technology, life sciences and specialty materials. It is also a supplier of special glass and ceramic materials used in liquid crystal displays. It is one of the Fortune 500 companies. The technical understanding and support set the standard for TFT-LCD glass and other advanced display products. Its market share in the global liquid crystal glass substrate market is as high as 60%, ranking first in the world, especially in the field of high-generation lines. It is in a monopolistic position. Corning 10.5-generation glass substrate project is located in Dongxihu District, Wuhan, covers an area of 236 acres, an investment of about 13-14 billion US dollars. After the project is completed and put into production, it will be able to fully meet BOE Wuhan 10.5 The demand for liquid crystal panel production line, and effectively promoted the LCD panel industry chain in Hubei Province to improve quality and efficiency.
In 2017, Changjiang Industrial Fund Management Company also started to contact and communicate with Corning Corporation in the process of introducing BOE. At the invitation of Changjiang Industrial Fund Management Company in May 2017, Li Fang, President of Corning Corporation Greater China, USA He led the team to Wuhan and conducted a detailed inspection of the production environment, project site selection, and supporting facilities and other investment factors. Thereafter, under the promotion and coordination of the Changjiang Industrial Fund Management Company, the enterprises and the government invested in construction models, government preferential policies, etc. The core terms were gradually agreed upon and signed today to achieve cooperation.
At present, Changjiang Industrial Fund Management Company is focusing on industrial clusters of photovoltaic displays, and has established close contacts and discussions with many of the world’s top 500 companies and industry leaders. In the future, it will also be in the fields of equipment, materials, panels, modules, and downstream display terminals. More companies will be introduced to settle in Hubei, eventually forming hundreds of billions of industrial clusters and driving the accelerated development of the entire optoelectronic display industry in Hubei.