Shandong

Towercrest Group to build a new LED base in Qingdao

Updated: 2010-03-19 17:23

A groundbreaking ceremony for Hong Kong Towercrest Group’s new type of semiconductor lighting display industry base was held in Jiaozhou, in Shandong province, on March 18.

Hong Kong Towercrest Group’s new type of semiconductor lighting display industry base is located in the New Industrial Zone of Jiaozhou Bay and includes the whole industry chain compound semiconductor (epitaxial, chip, packaging, and applications), R & D test platform, modern logistics industry, the product trading platform and other projects, with a total investment of 18 billion yuan.

The whole project is expected to form an industrial cluster in five to eight years, building up to a modern high-tech eco-industrial zone.

Cai Liming, vice governor of Shandong province, said that Towercrest Group’s building this new type of semiconductor lighting display industry base will contribute to strengthening the high-tech industry chain and promote industrial optimization and upgrading of Qingdao.

Xia Geng, mayor of Qingdao, said that the opening of this base will not only improve the development of Qingdao’s new industries, but also further establish the leading position of Towercrest Group in the semiconductor lighting industry.

Founded in 1987, Hong Kong Towercrest Group is a comprehensive investment consortium based in Hong Kong and targeting mainland China as its main investment destination. The business area of the group relates to five key industries: investment management and capital operations, municipal services and property management, transportation and infrastructure, energy and mineral resources, high-tech compound semiconductor and optoelectronics industries.

By Dai Yan (China Daily Shandong Bureau)

Editor: Li Jing