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Portfolio News | The World's Largest Single-unit Ultra-wide Polarizer Base of Nuoyan Capital's Cornerstone Project "Hengmei Optoelectronics" Went into Production in Fuzhou

2022-09-28


In 2020, Nuoyan Capital invested heavily in Hengmei Optoelectronics and is currently the largest institutional shareholder of Hengmei Optoelectronics. It has also fully supported Hengmei Optoelectronics to land in Fuzhou, built the world's largest single polarizer factory, and become a leading global polarizer and optoelectronic display material company.


Hengmei Optoelectronics was established in Kunshan, Jiangsu in May 2014. The company is mainly engaged in the research and development and manufacturing of polarizers, optical functional films, and optical compensation films for display screen materials. In 2019, the company built and put into production the world's first 2500mm ultra-wide polarizer production line, with an annual total production capacity of 60 million square meters. After the Fuzhou factory reaches full production, the annual production capacity will exceed 150 million square meters, making it one of the world's leading polarizer manufacturers.


After more than a year of construction, on September 27, the Hengmei Polaroid Intelligent Manufacturing Factory, with a total investment of 4.2 billion yuan and currently the world's largest single-unit ultra-wide polaroid project, was put into production in Fuzhou, marking that the core component of optoelectronic materials, "polaroid", is officially produced in Fujian. The smooth production of this world's largest 2.6-meter wide 8K ultra-high-definition polaroid production line will change the situation of foreign countries "strangling" related industries and realize "Made in China".


Polaroids are an important raw material for display panels. They have a complex structure and multiple production processes. They are known as the "chips" of the optical industry. They are capital-intensive and have high technical barriers. From a global perspective, since foreign manufacturers entered the display market earlier, accumulated a relatively complete patent chain, and formed a considerable industrial scale, polaroid technology is controlled by foreign manufacturers, and related industries have long been dependent on foreign countries. The production of Hengmei polaroids will change this passive situation, and will also play a role in strengthening and extending the chain for Fuzhou's electronic information industry.


Fuzhou Hengmei Optoelectronic Materials Co., Ltd. has two 8K ultra-high-definition polarizer production lines with a maximum width of 2.6 meters, which can supply interactive display screens up to 110 inches. The annual production capacity can reach 90 million square meters, and the estimated annual output value can reach 5.8 billion yuan.


For Fuzhou's electronic information industry, the production of Hengmei polarizers will play a role in strengthening and extending the supply chain. "New display is an important part of the electronic information industry, but the existing new display companies in Fuzhou are all downstream companies. As an upstream company, Hengmei polarizer smart factory will improve Fuzhou's mid- and downstream new display industry chain and provide supporting facilities for downstream companies nearby. Downstream companies can use materials locally at their doorstep, reduce the transportation cost of materials, improve the efficiency of the industrial supply chain, and thus enhance the market competitiveness of products." said the above-mentioned Hengmei Optoelectronics person in charge.


It is understood that in the next five years, Hengmei Optoelectronics Group will also build 135 million square meters of polarizers and 170 million square meters of supporting film materials in the four major production bases in Fuzhou, Kunshan, Hefei and Danyang. The total production capacity of polarizers will exceed 280 million square meters, accounting for more than 30% of the global total production capacity.


A relevant person in charge of Nuoyan Capital said: Hengmei Optoelectronics is a very excellent company. After investing in Hengmei Optoelectronics, we have been committed to integrating upstream and downstream resources for Hengmei Optoelectronics and assisting the company in the establishment of new factories. In addition, we have also reserved more other upstream and downstream high-quality projects and key bottleneck technologies, hoping to continue to provide value-added services to Hengmei and supply chain companies. In addition, we are very grateful for the trust and support of the Fuzhou government. We will continue to introduce more high-quality projects to the industrial park, work together with the government in fund cooperation and industrial implementation, and work together to create an optoelectronic industry base with the most complete domestic industrial chain and the most concentrated industrial elements.

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