On the 15th, Lianyungang Development Zone and Hong Kong Qingpu International Co., Ltd. held a signing ceremony for a total investment of US$500 million in the Sapphire Crystal Project, which aims to build China’s largest LED raw material supply company. It is understood that the sapphire growth project will be constructed in three phases. This year, three crystal growth furnaces will be built and 27 crystal growth furnaces will be built in 2012. The long-term goal of the project is to build 500 crystal growth furnaces and become the largest domestic LED. Industrial raw material supply companies.
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