Display Glass Companies Look To China

Japanese suppliers of liquid crystal display materials are planning a string of investments in Chinese production this year, looking to tighten their ties with rapidly growing clients in the country. JSR is to open a plant for colour resists, while Sumitomo Chemical is poised to begin production of polarizing films. The companies are making these bets despite the sagging profitability of their LCD materials businesses. "As we start up our first plant in China, we hope to increase our share of the market through production close to our customers," JSR Director Takao Shimizu told a news conference 26th June.