Roy­ole builds flex­i­ble dis­play plant

China Daily (Hong Kong) - - BUSINESS - By CHAI HUA in Shen­zhen grace@chi­nadai­lyhk.com

Shen­zhen-based Roy­ole Corp’s new flex­i­ble dis­play plant will start op­er­a­tions in Au­gust next year, a com­pany of­fi­cial said.

Flex­i­ble dis­plays are screens or pan­els used in wear­able prod­ucts, mo­bile de­vices and con­sumer elec­tron­ics.

They con­sti­tute a highly com­pet­i­tive in­dus­trial seg­ment now.

Work on Roy­ole’s 11-bil­lionyuan, 100,000-square-meter pro­duc­tion line at Long­gang district of Shen­zhen, Guang­dong prov­ince, started in the sec­ond half of 2015.

Ja­son Fan, pub­lic re­la­tions di­rec­tor of Roy­ole, said the plant will likely of­fer the com­pany a head­start over po­ten­tial com­peti­tors, given its an­nual out­put ca­pac­ity of 50 mil­lion pieces worth 18 bil­lion yuan.

“We have al­ready signed mil­lion co­op­er­a­tion agree­ments with a large num­ber of Chi­nese and in­ter­na­tional com­pa­nies,” he said, with­out iden­ti­fy­ing them.

Founded in 2012 by a Stan­ford Uni­ver­sity grad­u­ate, Roy­ole has been fo­cus­ing on in­no­va­tive dis­play tech­nolo­gies and vir­tual re­al­ity con­sumer elec­tron­ics.

So far, it has re­ceived 1.7 bil­lion yuan in in­vest­ment, in­clud­ing 500 mil­lion yuan from Warm­sun Hold­ing Group. The com­pany is val­ued at over $3 bil­lion now, ac­cord­ing to Fan.

“As the pop­u­lar­ity and pen­e­tra­tion of wearables and mo­bile de­vices in­crease, so too will de­mand for in­no­va­tive flex­i­ble dis­plays,” said Jerry Kang, prin­ci­pal an­a­lyst of dis­play re­search at con­sult­ing and re­search firm IHS Markit, in a re­port in July.

IHS Markit said rev­enue from flex­i­ble dis­plays is ex­pected to in­crease more than 300 per­cent, from $3.7 bil­lion in 2016 to $15.5 bil­lion in 2022, and will com­prise 13 per­cent of the to­tal dis­play mar­ket rev­enue in 2020.

“Only a few sup­pli­ers such as Sam­sung Dis­play and LG Dis­play are now reg­u­larly sup­ply­ing flex­i­ble dis­plays to the mar­ket. How­ever, many more panel mak­ers are at­tempt­ing to build flex­i­ble dis­play ca­pac­ity,” Kang said.

Roy­ole at­tracted global at­ten­tion in July 2014 when it un­veiled the world’s thinnest full-color flex­i­ble dis­play that can be bent or rolled. At about 0.01 mm, the dis­play is as thin as an onion skin, or less than one-fifth the di­am­e­ter of the hu­man hair.

in­vest­ment that Roy­ole Corp has re­ceived so far

REUTERS

A me­chanic works on a CAT 3512 en­gine used to power hy­draulic frac­tur­ing pumps at Holt Cater­pil­lar, the largest Cater­pil­lar dealer in the United States in San An­to­nio, Texas.

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