Strategic Partnership Agreement Signed Between Marubeni and China Optics and Optoelectronics Manufacturers Association Liquid Crystal Branch
Nov. 09. 2018
On November 8th, Marubeni Corporation (hereinafter, “Marubeni”) concluded a strategic partnership agreement (hereinafter, “this Agreement”) with China Optics and Optoelectronics Manufacturers Association Liquid Crystal Branch (hereinafter, “LCD COEMA”) for business tie-ups on sales in the world market of display products by Chinese manufacturers.
LCB COEMA was established in July 1996 as a suborganization of the China Optics and Optoelectronics Manufacturers Association which was established in 1987. LCB COEMA is an advocate for the technical level and economic efficiency of the Chinese display industry and has made various related recommendations to the Chinese government.
Marubeni has promoted in the Chinese display industry through the supply of Japanese manufacturing equipment, intermediate goods and materials over the years, beginning in the 1990s. Meanwhile, China already has the world's largest display production capacity as of 2017, and is expected to even further increase its capacity.
Through concluding this Agreement, Marubeni will expand its transactions of Chinese display products by making full use of Marubeni's worldwide network in the display market which is expected to grow greatly due to the emergence of new display usage applications that are progressing worldwide, and the expansion of the middle class in emerging countries.
＜Summary of LCB COEMA＞
|Organization name||:||China Optics and Optoelectronics Manufacturers Association Liquid Crystal Branch|
|Location||:||Beijing, People’s Republic of China|
|Description||:||Non-Profit Organization composed of companies from Liquid Crystal Display and Flat Panel Display industry|