Dongshan Precision announced that it will invest 100 million yuan to significantly expand LED business

Dongshan Precision announced on December 13 that the company plans to expand the original LED business. It is expected that the LED pellet production line and LED backlight production line will double by 2,000 yuan. The company said that the funds needed for LED expansion investment are 100 million yuan, of which equipment investment is 85 million yuan, housing investment is 5 million yuan, and working capital is 10 million yuan.

Dongshan Precision said that according to market development and customer feedback, the company's LED backlight market demand is strong, the company plans to increase its investment in LED pellet production line and LED backlight production line through its own funds or bank loans, it is expected to expand this production. The annual production capacity of LED pellets will reach 3 billion, and the annual production capacity of LED backlight modules will reach 4.5 million sets.

The company expects that the LED pellet production capacity expansion project will be completed in April 2012, and the company's LED backlight project expansion will be completed in February 2012.

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