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Taiwan's AU Optronics looks for land to expand over more than 5 years

Wed. August 20, 2008; Posted: 02:54 AM
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TAIPEI, Aug 20, 2008 (XFN-ASIA via COMTEX) -- AUO | Quote | Chart | News | PowerRating -- AU Optronics Corp (2409.TW), the world's third-largest liquid crystal display maker, said it has asked authorities to set aside enough land to accommodate its expansion over the next five years and beyond.

"We have made our intention known that we will book such a plot after the government decides on the fourth-phase expansion of the Central Taiwan Science Park," a company official said.

The official was responding to an Economic Daily News report that the company would spend at least 400 bln twd to build four 10th-generation LCD plants at Erlin, Changhua county, which is seen as the most promising site for the science park's fourth phase.

In today's trade, AU shares closed down 0.10 twd at 36.25.

(1 usd = 30.40 twd)

philip.wang@afxasia.com

MMMM

For full details on Au Optronics Corp ADS (AUO) click here. Au Optronics Corp ADS (AUO) has Short Term PowerRatings of 5. Details on Au Optronics Corp ADS (AUO) Short Term PowerRatings is available at This Link.

    


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