|By Business Wire||
|August 6, 2014 11:25 AM EDT||
In a move to strengthen its position as a leading supplier in the LCD marketplace, Tianma Microelectronics Co., Ltd., Shenzhen, China, has completed the acquisition of its five production lines in Japan, Shenzhen, Shanghai and Wuhan, and increased its investment in its Chengdu facility.
After this restructuring, Tianma will own 100% shares of Shanghai Tianma, Wuhan Tianma, Shanghai AVIC, and Shenzhen AVIC (2 lines), and 70% shares of Chengdu Tianma. Prior to this, Tianma Microelectronics Co., Ltd. had held controlling interests in the six lines. As a result of the stock acquisitions, the combined assets of the company are expected to surpass RMB 10 billion (USD 1.6 billion).
This consolidation of the company’s fabrication line assets will optimize product planning and production, increasing efficiency and creating more flexibility in customer support, including faster response times and time to market. The company will have all operations from front- to back-end completely in-house for its state-of-the-art STN-LCD, CSTN-LCD, TFT-LCD, AMOLED, and CF production lines. A major part of Tianma Microelectronics’ strategy is to strengthen its position as a Tier One supplier to the American marketplace.
“As we work to expand our market presence in the Americas and to provide the best support to our customers, we are very excited to see strong corporate efforts to optimize our operations and strengthen the company structure,” said Lesa Qu, President of Tianma NLT America, Inc. “We feel that these efforts will lead to substantial improvements in the level of service we can provide to our customers by taking advantage of improved production flexibility, gains in efficiency and a faster decision-making process.”
About Tianma NLT America
Tianma NLT America, Inc. (TNAM) was established in November 2013 as a joint venture between Shanghai AVIC Optoelectronics Co., Ltd. and NLT Technologies, Ltd. TNAM is focused on providing the Americas with LCD products specifically for industrial and professional applications. With an extensive lineup of 2.X to 21.X-inch active-matrix LCD modules and a network of best-in-class distributors and value-added partners, Tianma NLT America provides complete display module solutions to a broad base of customers and applications. The range of LCD modules offered includes ultra-high resolutions, wide temperature ranges, high contrast ratios, rich color gamut, backward compatibility, LED backlights, and transflective viewing for use in diverse lighting environments.
Tianma NLT America is committed to delivering innovative, high-performance, eco-conscious LCD solutions that address the diverse size, power and high image-quality needs of our industrial, medical, professional and high-end monitor customers. Based on technologies developed by NLT Technologies and other Tianma Group companies, the LCD modules are optimized and designed for a wide range of applications, including portable and stationary medical equipment, test and measurement devices, instrumentation equipment, point-of-sale and ATM systems, gaming systems, global positioning systems, radio-frequency identification devices and barcode scanners.
Additional information can be found at http://www.tianma-nlt.com
The content in this press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.
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