Konka Group Co Ltd<000016><200016>, a leading TV manufacturer in China, began construction of an LCD module plant in Kunshan City, Jiangsu Province, sources reported
Konka invested RMB 886 million in the new LCD module plant, which covers an area of 500 MU and has eight LCD module production lines. It is estimated the annual LCD module production capacity could reach 7.2 million units and that of LCD TV sets will hit 3.6 million units.
Two of Konka's rivals, Shenzhen-listed TCL Corp<000100>, a major Chinese television manufacturer, and Hisense Electric Co Ltd<600060>, a Qingdao-based TV manufacturer, already have LCD module plants in Huizhou and Qingdao, respectively.