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China Display Opt Forms a Partnership with Foxconn to Set Up Smart Factory ,(June 12, 2018)
Upgrades Production Line Automation to Enhance Management Efficiency
HONG KONG, CHINA - Media OutReach - 12 June 2018 - China Display Optoelectronics Technology Holdings Limited ("Ch Display Opt" or the "Company", together with its subsidiaries, the "Group"; HKSE stock code: 334) is pleased to announce that it has reached an agreement with Maxnerva Technology Services Limited ("Maxnerva", HKSE stock code:1037), an affiliate of Foxconn Technology Group ("Foxconn") to gradually set up a smart factory, that can fully optimise production line efficiency and enhance the company's management innovation and decision-making capabilities.
The Group has been taking the initaitve to implement the "Made in China 2025" national strategy and continuing to improve its production process, in order to strengthen the capabilities in data collection and analysis in automated factories and satisfy customers' growing demands for smart production. Recently, the Group has formed a cooperation agreement with Maxnerva, an affiliate of Foxconn, to establish its smart factory. The first phase of this project was formally launched in May 2018 in Huizhou and the rennovation of the Huizhou production line is expected to be completed by the end of this year. With the advancement of "Industry 4.0", smart factories have become crucial in practising smart manufacturing. Through the cooperation with Foxconn, the Group will build on its exisiting production line to raise its equipment data collection and analysis capabilities, and develop big data applications to gradually increase the interconnectivity between human beings and machines. It is aniticipated that this project will help the Group to further enhance transparency in production lines management, improve product quality, and effectively reduce costs to achieve sustainable business development.
About China Display Optoelectronics Technology (334.HK)
Headquartered in China, China Display Optoelectronics Technology Holdings Limited (HKSE stock code: 334) is one of the major providers of small-to-medium-sized display modules in the region. Ch Display Opt engages primarily in the research and development, manufacturing, sales and distribution of LCD modules mainly for handheld mobile devices on an ODM basis. Smartphone LCD module products of Ch Display Opt are welcomed by domestic and overseas manufacturers with sales volume ranking among the top.
For more information, please visit its website at www.cdoth8.com.