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CPT to Break Ground for 6G TFT-LCD Panel Plant in Central Taiwan Science Park
[June 01, 2006]

CPT to Break Ground for 6G TFT-LCD Panel Plant in Central Taiwan Science Park


(Taiwan Economic News Via Thomson Dialog NewsEdge)Taipei, June 1, 2006 (CENS)--Chunghwa Picture Tubes, Ltd. (CPT), Taiwan's No. 3 thin film transistor-liquid crystal display (TFT-LCD) panel maker, recently began renting a 40-hectare parcel of land in the Houli Base of the Central Taiwan Science Park (CTSP) and is scheduled to break ground for a new panel plant there on Oct. 1 of this year



The CTSP's Provision Office pointed out that CPT originally planned to invest NT$220 billion (US$6.88 billion at US$1: NT$32) to set up two new-generation panel plants on a 52-heactare piece of land in the Houli Base, but the company finally modified its original project and delayed the ground-breaking date from April 1 to Oct. 1

The Provision Office pointed out that because many companies are on the waiting list to enter the CTSP, the office decided to take back 12 hectares of land from CPT's original project, as CPT had delayed in its payment of the investment guarantee. CPT will still get a 40-hecatare land in the Houli Base, the office added, which will be developed in three stages


CPT must pay a total of about NT$132 million (US$4.13 million) in guarantees for its NT$44 billion (US$1.38 billion) own-capital investment project at Houli Base, the CTSP Provision Office said, and paid NT$44 million (US$1.38 million) for the first-stage before May 22

A senior official strongly denied that Chi Mei Optoelectronics Corp. (CMO), the No. 2 TFT-LCD panel maker in Taiwan, would financially support CPT's plant-construction project in CTSP

The CTSP Provision Office confirmed that representatives of United Microelectronic Corp. (UMC) expressed interest in utilizing the 12-hectare piece of land taken back from CPT by the Provision Office, but UMC has not yet proposed a practical investment project. At least two hectares of the recovered land will likely be distributed to France-based Air Liquide, a major international producer and distributor of cryogenic liquids and gases.

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