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COITF Participating in investing 2 billion yuan in building R&D base of intelligent equipment in Hefei

In July 25 2013, COITF's holding company Beijing Sineva Tech Co. Ltd. signed the investment cooperation agreement with the Administrative Committee of Hefei Xinzhan District. According to the agreement, Beijing Sineva will invest nearly 2 billion yuan in building R&D base of intelligent equipment in Hefei Xinzhan District.
 
Hefei Municipal Committee and Deputy Mayor Han Bing, COITF Investment Committee Chairman Wang Dongsheng, Executive Director Ouyang Guang, Beijing Sineva Chairman Wang Yanjun, etc. attended the signing ceremony.
 
Beijing Sineva is a company engaging in robotics of pan-semiconductor and intelligent equipment, with the total investment of 2 billion yuan, which will locate in Intelligent Manufacturing Industrial Park of Xinzhan District and engage in R&D and manufacturing of new flat panel display equipment . The project will be divided into three phases: the construction of the project plans to start in the 4th quarter of 2013 and put into production in the 4th quarter of 2014. The investment of all the 3 phases is expected to be completed in 5 years. After the fulfillment of the project, the sales income will reach 500 million yuan per year, the estimated turnover will reach 2 billion yuan per year with annual tax will reach no less than 300,000 yuan/mu.
 
The Intelligent Manufacturing Industrial Park of Xinzhan District relies on the key projects of flat panel display and focuses on introducing pan-semiconductor-related equipment enterprises. The project will support the construction of Intelligent Manufacturing Industrial Park, enhance the global competitiveness of Hefei in flat panel display industry, and help Hefei to seize the advantage of the industrial robotics and digital manufacturing technology to promote the localization of key equipment in leading industry. Meanwhile, The ceremony also indicates that COITF formally enters the field of flat robotics.
 

Copyright: China Optoelectronic & Innovation Technology Fund