[High-tech LED News] Taiwan's LED sapphire substrate maker Zhaojing Technology's 5-year, 3 billion Taiwan dollar joint lending case was officially signed. Zhaojing said that the funds will purchase machinery and equipment for the expansion of production capacity, and enrich the operating turnover.
Founded in July 2000, Zhaojing specializes in sapphire single crystal substrates. The company's revenue in 2010 increased by 250% to NT$1,708 million, and its net profit after tax increased by 11 times to 407 million yuan.
Zhaojing and Xinjing Diamond announced the merger on July 7. Xinjing Diamond specializes in sapphire crystal growth, and the growth rate of crystal growth is higher than that of its peers. After the merger, it will help to strengthen cost advantages and enhance competitiveness. Conducive to expanding the scale of operations, the combined market share will become Taiwan's largest, the world's top three sapphire substrate plants, and future revenue growth is expected.
Founded in July 2000, Zhaojing specializes in sapphire single crystal substrates. The company's revenue in 2010 increased by 250% to NT$1,708 million, and its net profit after tax increased by 11 times to 407 million yuan.
Zhaojing and Xinjing Diamond announced the merger on July 7. Xinjing Diamond specializes in sapphire crystal growth, and the growth rate of crystal growth is higher than that of its peers. After the merger, it will help to strengthen cost advantages and enhance competitiveness. Conducive to expanding the scale of operations, the combined market share will become Taiwan's largest, the world's top three sapphire substrate plants, and future revenue growth is expected.
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