On July 24, the construction of the Hubei production base project of Refond Optoelectronics' Mini/Micro LED (Hubei Ruihua Optoelectronics Co., Ltd., a wholly-owned subsidiary of Refond Optoelectronics) officially started.
According to Ruifeng Optoelectronics, the project progress is currently proceeding at a tight pace according to the stipulated time, and it is expected that the first phase of the project will be completed and put into production in the first half of 2022.
The first phase of Ruihua Optoelectronics project will add approximately 68.022 acres of land, with an estimated total investment of approximately RMB 1.5 billion and a construction period of 6 months. After the first phase of the project is completed and reaches full production, it will be able to achieve an annual operating income of more than RMB 1.3 billion.
It is reported that the total construction area of Hubei Ruihua Project is about 270,000 square meters. Ruihua Optoelectronics will mainly implement the full-color LED packaging expansion project, Mini LED backlight packaging production project, Micro LED technology research and development center project, and build and operate the Micro LED technology research center. It is expected that after full production, it will be able to form an annual production capacity of 10105KK full-color LED packaging products and 6.63 million Mini LED backlight packaging products.
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