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Elec-Tech to Order USD337.5mn MOCVD DevicesZHUHAI, Jul 19, 2010 (SinoCast Daily Business Beat via COMTEX) -- Shenzhen-listed Elec-Tech International Co., Ltd. announced on Saturday that its two wholly-owned subsidiaries plan to order 130 sets of MOCVD devices and accessories from Veeco Instruments Inc. and AIXTRON AG at USD 337.5 million. Wuhu Elec-Tech Optoelectronic Science and Technology Co., Ltd. will respectively order 70 sets and 30 sets of MOCVDs and accessories with Veeco and AIXTRON. Yangzhou Elec-Tech Optoelectronic is to sign agreement to order 30 sets of MOCVDs and accessories with Veeco. MOCVD refers to metal-organic chemical vapor deposition. Veeco and AIXTRON are the world's major MOCVD equipment manufacturers. Elec-Tech specializes in design, production and sale of Opto-electronics including LED epitaxy, LED chips, encapsulation, LED lighting and LED display, small home appliances, mini & particular motor and wind power equipments. It started to cooperate with South Korea's Epivalley Co., Ltd. this year to produce LED epitaxy and chips. The total investments include 100 sets of MOCVD devices, and ownership of patents for global sale. Yangzhou and Wuhu city governments will grant CNY 8 million to CNY 10 million subsidy for each MOCVD device bought by local enterprises. Source: www.cnstock.com (July 19, 2010) |