Aug 17, 2000

After years of research and development, Lite Vision Corp. will begin mass production of quality PDP (plasma display panel) products in September, executives of the firm said Wednesday.

In an attempt to meet increasing orders, the firm will expand it's plant in Taipei County, and will raise capital of NT$250 million by issuing new shares and apply for NT$560 million worth of convertible corporate bonds.

The expansion project is expected to need about NT$1 billion worth of capital. The firm's board will finalize details on Sept. 16.

If everything goes smoothly, the firm will conduct mass production of its PDP products in September. Output will reach a few hundred units per month initially.

The profit margin of PDP products will reach about 35%. The firm attempts to secure OEM orders from Japan initially.

Presently, PDPs are sold at between NT$290,000 and NT$300,000 per unit. Lite Vision estimates its price will be as low as NT$200,000 per unit, however.