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[Company Information]Nitto Denko to Produce Optical Films for LCD-TVs in Czech Republic
To Strengthen Local Supply Setup based on a State-of-the-Art Plant
4.20.2007
Japan’s leading diversified materials company Nitto Denko Corporation (Nitto Denko) has established a local production subsidiary in Brno, the Czech Republic, in order to meet the increasing demand for optical films for liquid crystal display (LCD)-TVs in the European region, the company announced today.
Nitto Denko Group plans to newly construct a state-of-the-art plant for producing such optical film products in Europe where their demand is undergoing a rapid expansion, in order to establish a suitable setup for supplying the necessary parts to the customers. By so doing, the Group intends to further sharpen its competitive strength in the world.
Background
A leading manufacturer and supplier of optical films for LCD such as polarizers, retardation films and polarizers with brightness-enhancing film, Nitto Denko Group occupies top world share in this field.
It is no surprise that the global demand for LCD-TVs is moving on a path of continued expansion, with the projection for 2008 approaching 100 million units. Moreover, the mainstream flat panel display TVs are expected to move up to the 50-in class from the current 30-in. class, and even up to the 50-in. class over time.
Given such a situation, LCD-TV makers are increasingly locating their production sites in China, Europe and North America, in order to meet the globally soaring demand for large-screen LCD-TVs. Particularly in Europe, TV manufacturers are concentrating their production sites of in the central European areas such as Czech and Poland. As these locations begin full-scale expanded production of LCD-TVs, demand for LCD panels is also expected to rise accordingly.
It was with such a backdrop that Nitto Denko decided to establish a new company in Brno, the Czech Republic, in order to fulfill the local procurement of parts by the customers and to meet their increased demand for large-size parts. Nitto Denko has already entered into a preliminary agreement with the City of Brno for securing necessary land in Central Trade Park Brno – Cernovicka Terasa, where the new company will construct the plant for the back-end processing of optical films.
Special Features of the New Plant
The new plant will have such a setup that it would be capable of adequately running the finishing process of optical films for large-screen LCD-TVs which are expected to face a rapid expansion of demand. At the same time, the plant will be equipped with the latest processing and inspection technologies to change the hitherto labor-intensive finishing stage into capital-intensive automated processing, in order to keep the plant headcount to a minimum and realize a significant productivity improvement.
Outline of Investment Project
| 1. | Investing Entity: | Nitto Denko Czech s.r.o (New Company) Foundation Date: February 28, 2007 Registered Capital: 180 mln CZK ($3.6 mln) |
| 2. | Plant Site: | Central Trade Park Brno - Cernovicka Terasa, Czech Republic |
| 3. | Investment Amount: | ca. ¥3 bln ($25 mln) [Phase I] |
| 4. | Site Area: | ca. 104,000 sq.m. |
| 5. | Total Floor Space: | ca. 7,500 sq.m. |
| 6. | Products: | Optical films for large-screen LCDs |
| 7. | Production Value: | ca. ¥24 bln (ca. $200 mln)[Initial Year] |
| 8. | Employee Headcount: | ca. 80 [On-stream] |
| 9. | Start of Construction: | May 2007 |
| 10. | Completion Date: | March 2008 |
Rendering of Completed Plant
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