KONICA MINOLTA BUILDS ANOTHER $118M PLANT

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KONICA MINOLTA BUILDS ANOTHER $118M PLANT

 user 2006-04-19 at 12:30:00 pm Views: 47
  • #15117

    Konica Minolta to spend $118 mln on LCD film plant
    TOKYO,
    April 06 – Konica Minolta Holdings Inc said on Friday it will invest
    about 14 billion yen ($118 million)to build a fifth factory for a type
    of optical film used to make liquid crystal displays to meet surging
    demand for LCD TVs.

    The
    news helped shares in Konica Minolta rise 1.9 percent to 1,530 yen by
    midday, compared with a slight fall in the broad market.The Tokyo-based
    company plans to start the factory for triacetyl cellulose (TAC) film
    in Kobe, western Japan, in autumn 2007, aiming to boost output by 50
    million square metres to 170 million square metres.Konica Minolta,
    which sees the TAC film market growing 30-40 percent a year, plans to
    raise its TAC film sales to 46 billion yen in the year ending March
    2009 from about 30 billion yen estimated for the year ended in March
    2006.Konica Minolta has about a 20 percent market share in the TAC film
    business, while Fuji Photo Film Co. Ltd. controls the rest