Mar. 2, 2010 (China Knowledge) - Shenzhen-based Shenzhen Proware Technology Co Ltd and Hefei New Railway Station Comprehensive Development Experimental Zone have inked an agreement to set up an equipment manufacturing center for the thin film transistor industry in the zone, sources reported.

Reportedly, the project will cost more than RMB 1 billion in the first phase. The center will boost the development of the TFT-LCD industry in Hefei, the capital of Anhui Province.

The city hopes that the center will become the largest up-stream equipment manufacturing base for the LCD industry in mainland China.

Last October, BOE Technology Group Co Ltd<000725><200725>, one of the largest LCD producers in China, started mass production at its 4.5-generation TFT-LCD plant in Chengdu, the capital city of Sichuan Province.

The new TFT-LCD production line, which involves a total investment of RMB 3.1 billion, is able to output 30,000 units of glass substrates for the production of panels under 12.1 inches in size. The panels will be used in notebook PCs, handsets and other consumer electronics products.