Notice of Establishment of Subsidiary for Liquid Crystal Business in China

JNC CORPORATION (CEO & President: Michio Morita, Chiyoda-ku, Tokyo) will establish a subsidiary for liquid crystal business in Suzhou, Jiangsu, China, and establish a production site and technical service center for TFT liquid crystal materials in China.

 

JNC Group regards manufacturing, selling and research & development of liquid crystal materials and organic EL materials which are essential to a highly information-oriented society as the core business of our company, and supplies liquid crystal materials to liquid crystal display manufacturers worldwide.  Liquid crystal materials made by JNC are used for products familiar to our lives, such as liquid crystal televisions, smartphones and tablets.

 

In the global market of liquid crystal displays, major panel manufacturers plan to successively start full-scale operation of large lines in China, and therefore the demand in China is expected to show significant growth.

 

We will establish a subsidiary for liquid crystal business and establish a production site and technical service center for TFT liquid crystal materials in China, where rising demand can be expected, in order to further improve our services by providing a stable supply of liquid crystal materials and increasing the speed of development.

 

Our Company started production of liquid crystal materials in 1973, and currently owns production sites for liquid crystal materials in Minamata Factory, Ichihara Factory, Tobata Plant and Tainan Plant in Taiwan, and the new plant in China will be the 5th production site. The technical service sites are Ichihara Research Center in Japan, Seoul Technical Center in Korea, and the new center in China will be the 3rd technical service center.

 

<Outline of Subsidiary>

(1)   Corporate Name

JNC LIQUID CRYSTAL MATERIAL (Suzhou) Co., Ltd.

(2)   Establishment

December 2014 (planned)

(3)   Location

Gaoxin District, Suzhou, Jiangsu, China

(4)   Capital

17 million USD

(5)   Investor

JNC PETROCHEMICAL CORORATION (*) (100%)

(*) JNC PETROCHEMICAL CORPORATION is a consolidated subsidiary of JNC.

 

<Outline of Plant>

(1)   Completion of Construction

December 2015 (planned)

(2)   Investment

35 million USD

 

End