On June 13th, Zhongmei Lanjing, a sapphire fab of Zhongmeijing, held a shareholders' meeting, and merged with Zhaoyuan. After the merger, Zhaoyuan was the surviving company. The Chinese name of the company was “Zhaoyuan Technology Co., Ltd. ", the English name is "CRYSTALWISE TECHNOLOGY INC.", and the expected base date is December 31, 2012.
Sino-US Blue Crystal said that after the merger with Zhaoyuan, in addition to technological integration and capacity expansion, the efficiency of equipment operation and the synergy of economies of scale can be achieved, and the procurement cost and production cost can be reduced through economic scale. It will help to enhance the overall competitiveness of the company, open up the gap with the industry and expand market share.
In addition, the two companies will combine the production and development capabilities of sapphire crystal growth and high-brightness sapphire substrates, strengthen the process development technology of patterned sapphire substrates and large-size sapphire substrates, and strengthen Taiwan's integrity in the LED materials industry and the integrity of the industrial chain. Establish barriers to entry for subsequent competitors.
Sino-US Blue Crystal said that with the increasing use of LED applications, and the trend of energy conservation has taken shape, the LED market demand is heating up. After the integration of Zhaoyuan and Sino-US Blue Crystal, the existing technologies, talents, market and production capacity will be combined. Optimization, it is expected that after the merger, “Xinzhaoyuan†will expand its economies of scale and reduce operating costs, and will provide better products, technologies and services to customers around the world in the future.
Sino-US Blue Crystal said that after the merger with Zhaoyuan, in addition to technological integration and capacity expansion, the efficiency of equipment operation and the synergy of economies of scale can be achieved, and the procurement cost and production cost can be reduced through economic scale. It will help to enhance the overall competitiveness of the company, open up the gap with the industry and expand market share.
In addition, the two companies will combine the production and development capabilities of sapphire crystal growth and high-brightness sapphire substrates, strengthen the process development technology of patterned sapphire substrates and large-size sapphire substrates, and strengthen Taiwan's integrity in the LED materials industry and the integrity of the industrial chain. Establish barriers to entry for subsequent competitors.
Sino-US Blue Crystal said that with the increasing use of LED applications, and the trend of energy conservation has taken shape, the LED market demand is heating up. After the integration of Zhaoyuan and Sino-US Blue Crystal, the existing technologies, talents, market and production capacity will be combined. Optimization, it is expected that after the merger, “Xinzhaoyuan†will expand its economies of scale and reduce operating costs, and will provide better products, technologies and services to customers around the world in the future.
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