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Strategic Partnership Agreement Signed Between Marubeni & LCD COEMA

Source: www.gulfoilandgas.com 11/9/2018, Location: Asia

Marubeni Corporation (Marubeni) concluded a strategic partnership agreement (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 sub organization 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.

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