Electronics backlights display manufacturer Jingjiang Yourshine Optoelectronics Technology Co Ltd recently deployed 3.5 billion yuan ($485 million) to invest in building a new plant in Chengbei Park – located in the Jingjiang Economic and Technological Development Zone, in Taizhou city, East China's Jiangsu province.
Backlights are employed in electronics displays to increase readability in low light conditions and are utilized in cars, smartphones, computer displays and LCD televisions.
The new facility, which will produce MiniLED display backlights, screens and aluminum and magnesium alloy die castings, broke ground on March 21.
Workers assemble products at a Yourshine Optoelectronics workshop. [Photo/zhjjwx.jsjjw.cn]
Officially designated as a key project of Jiangsu province in 2024, it will have an annual output capacity of 6 million MiniLED backlights, 15 million traditional LED backlights, 15,000 metric tons of magnesium alloy die-cast components and 5,000 tons of aluminum alloy die-cast parts.
On completion, the output will produce an annual increase in invoicing sales for the company of 4.5 billion yuan.
The new plant is expected to help Jingjiang make further inroads into emerging industries, speed up the development of new production drivers and generate new momentum for high-quality growth.
According to the company, a constant temperature and humidity assembly production workshop will be built that meets the industry's highest automation standards.
The project also includes a magnesium aluminum die-casting workshop, a multi-function building and other ancillary buildings. To tool up, the company will purchase 1,108 sets of top production and auxiliary equipment.
A leading enterprise in the optoelectronics intelligent manufacturing industry in Jingjiang, Yourshine has consistently been focusing on investing in research and development. As a result, it is said to have developed into a top supplier to the international LCD backlight market.