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Samsung Display Opens LCD Plant In China

Seoul, South Korea — Samsung Display said Monday that it recently established its first LCD display plant outside of Korea, at a new joint venture factory in Suhou, China.

The Samsung Suzhou LCD (SSL) cooperative operation was first established on April 21, 2011, as a joint venture between Samsung, Suzhou Industrial Park and TCL.

Samsung Display has a 60 percent stake in SSL; Suzhou Industrial Park (SIP) has a 30 percent stake, and TCL has a 10 percent stake.

The SSL venture has started fab operations for 48- and 55-inch FullHD and Ultra High-Definition LCD panels “in leading the Chinese premium TV panel market,” Samsung said in a statement.

Kinam Kim, Samsung Display president and CEO, said, “We will continue to strengthen our market edge by embracing a differentiated product strategy with SSL, and providing the world’s best grade of display products as we increase our cost competitiveness.”

A recent plant opening ceremony gathered Kim; Wonkie Chang, Samsung China president; Jiang Hongkun, Suzhou Municipal Committee secretary of the CPC; and Li Dongsheng, TCL chairman and CEO.