http://www.digitimes.com/news/a20090724PD222.html


PVI expects e-paper shipments to expand 2- to 3-fold sequentially in 2H09

Susie Pan, Taipei; Steve Shen, DIGITIMES [Friday 24 July 2009]

Taiwan-based electrophoretic display (EPD) and LCD panel maker Prime View International (PVI) expects its EPD shipments to expand by 2- or 3-fold sequentially in the second half of 2009 as its order visibility has extended to the end of this year, according to company chairman Scott Liu.

PVI's TFT-LCD plant in Hsinchu, northern Taiwan is currently operating at full capacity, with 80% of the total capacity allocated for EPD production and the remaining 20% for niche LCD panels, Liu revealed.

The company's subsidiary in Korea, Hydis, is devoting about 20% of its capacity to EPD production, and 80% to panels for handsets and other consumer electronics products, he said. All of Hydis' production lines will run at full swing by the third quarter of this year, he added.

In other news, PVI plans to kick off a three-phase fund raising project, aiming to secure as much as NT$8-9 billion (US$244-274 million) new capital to finance its acquisition of E-Ink now that company shareholders have approved the investment project.

Under the project, the company will soon raise NT$2.3 billion through issuing 80 million new shares available at NT$29 per share and secure an additional NT$2.55 billion through the issuing of convertible bonds in August. The company also plans to raise US$100-150 million by issuing global depositary receipts (GDRs) in September, according to the company.