Dehao Runda and Wuhu Municipal Government sign a contract for LED optoelectronics industry to bet 6 billion yuan


On February 1, 2010, Wuhu Municipal Government officially signed a contract with Dehao Runda (002005) Optoelectronics Co., Ltd. chip project. In order to solve the problem of the lack of core technologies facing the domestic LED industry, after many rounds of difficult negotiations, Dehao Runda also reached a cooperation agreement with South Korea's Epivalley.

On February 1, 2010, Wuhu Municipal Government officially signed a contract with Dehao Runda (002005) Optoelectronics Co., Ltd. chip project. The total investment of the project reached 6 billion yuan. Wang Donglei, chairman of Dehao Runda, revealed that the company will establish a large-scale LED optoelectronic industrial base in the next 18 months. The base will cover the middle and lower reaches of the LED lighting industry chain, including chips in the core technology areas of the industry. Manufacturing, cutting.

In addition, in order to solve the lack of core technologies facing the domestic LED industry, after many rounds of difficult negotiations, Dehao Runda also reached a cooperation agreement with South Korea's Epivalley.

Chen Shulong, secretary of the Wuhu Municipal Party Committee, said in an interview with China Securities News that the project is also an important project introduced by Wuhu City after the approval of the Lancang Plan, which will have a major impact on the development of Wuhu semiconductor lighting energy-saving industry.

Fine-tuning gambling LED

Now many cities are on the LED project, and Dehao Runda has invested heavily in building a LED optoelectronics industry base. Is it a big risk for a home appliance manufacturer?

Regarding the issue of China Securities Journal, Wang Donglei is still well-informed. He said that with the breakthrough of LED technology in lighting applications in 2009, the future development scale of the industry will far exceed one trillion yuan. At present, the domestic LED industry market size is only about 100 billion yuan, there are nearly 2,000 large and small enterprises to divide this cake. The largest company has not exceeded 1 billion yuan. Therefore, the Chinese LED industry has not really formed a scale. For us, the opportunity is greater than the risk.

Wang Donglei said that the LED optoelectronic industrial base to be built by Dehao Runda will cover the middle and lower reaches of the LED lighting industry's industrial chain, and chip manufacturing and cutting in the core technology areas of the industry will also be carried out in Wuhu. The base covers an area of ​​816 mu, with a planned total investment of 6 billion yuan. The first phase investment is 2.3 billion yuan, mainly including the manufacture and sale of LED chips, packaging and lighting. Among them, LED chip project plans to invest 500 million yuan, the annual average sales revenue will reach 487 million yuan after completion of production; LED packaging project plans to invest 570 million yuan, the annual average sales revenue will reach 1.92 billion yuan after completion; LED lighting project plans to invest 5.33 yuan After 100 million yuan, the annual sales revenue will reach 1.8 billion yuan.

In the same period, it will invest 100 units of MOCVD equipment with Korean companies with a total investment of 3.7 billion yuan. It will be built in three years and is dedicated to the production of the core products of LED lighting, the epitaxial wafer. The base is expected to be fully completed in 2012 and will generate a sales value of 18 billion yuan.

According to public information, Dehao Runda has applied to the China Securities Regulatory Commission for a private placement of 1.526 billion yuan for the implementation of the above projects. This is currently the largest and most complete LED industry park in China. The implementation of the project will make Wuhu quickly become the most important LED industry base in China; the three investment companies under the State-owned Assets Supervision and Administration Commission of Wuhu City will participate in the private placement of Dehao Runda, with a subscription fund of nearly 1 billion yuan.

Hand in hand to solve the core technical problems

An industry expert said that the LED projects that have been launched in China are also facing technical barriers and patent infringement risks.

Wang Dongming, CEO of Dehao Runda, told China Securities News that in order to solve the lack of core technologies facing the domestic LED industry, after many rounds of difficult negotiations, Dehao Runda also reached a cooperation agreement with South Korea's Epivalley. If the cooperation between Dehao Runda and South Korea's Epivalley is progressing smoothly, on the one hand, Dehao Runda will become one of the few advantageous enterprises in China to master the core technology of LED, which greatly enhances the market competitiveness of the company's LED business;

Dehao Runda and Epivalley will engage in substantive cooperation in the manufacture of LED chips and the operation of their upstream MOVCD business. At that time, Epivalley will be stationed in a professional team to participate in the operation of the cooperation project, so that Dehao Runda's epitaxial film and chip factory will reach the same technical level as Korea's Epivalley, ranking first in the world.

Wang Dongming said that Dehao Runda has many years of experience, technical advantages and equipment advantages in the small household appliance industry. The company's original small household appliance business system invests in the development of LED industry's technological innovation, raw material procurement, product production and other fields. Synergies can be produced, which can greatly reduce costs.

In addition, the project is also a major measure for the Wuhu Municipal Government to fully respond to the "Opinions on the Development of Semiconductor Lighting Energy-Saving Industry", and is also a successful example of the Wuhu Municipal Government's successful introduction of LED high-tech enterprises to create a demonstration project for the rise of Central China through capital operation mode.



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