Spent $ 1 billion! Hua Canzi company to be expanded to build the worlds largest production capacity of sapphire substrate industry

5 evening, Hua Can photo released on the wholly-owned subsidiary and Yuxi Hongta District People's Government signed a project investment agreement agreement.

According to the announcement, Huacan Optoelectronics, a wholly owned subsidiary of Yunnan Blue Crystal Technology Co., Ltd. (hereinafter referred to as "blue crystal technology") and Yuxi Hongta District People's Government on the blue crystal technology with an annual output of 35 million LED substrate expansion project signed "Yunnan Blue Crystal Technology Co., Ltd. with an annual output of 35 million pieces of LED substrate expansion project framework agreement." Blue crystal technology is expected to become the world's largest production capacity of sapphire substrate one of the production enterprises.

It is understood that the project is expected to total investment of 1 billion yuan, the project intention to sit for the blue crystal technology owned land, the land area of about 75 acres, the construction period of 16 months, plans to start construction in September 2017, Million pieces of LED substrate.

The Company said that the normal implementation of the project will help the company's business expansion, is conducive to further expand the company's size and cost advantages, enhance the company's core competitiveness and industry influence, the company's annual performance have a positive impact.