Token Sciences to invest $28.9 mln in touchscreen manufacturing
Shanghai. March 2. INTERFAX-CHINA - Wuhu Token Sciences Co., Ltd. (Token Sciences), a manufacturer of flatscreen display materials, will invest RMB 190 million ($28.9 million) to build a production line in Anhui Province's Wuhu City for capacitive touchscreen sensors, the company announced March 2.
Once operational, the production line will be capable of producing five million sensors per year and is expected to generate RMB 259 million ($39.4 million) in annual revenue, according to the announcement.
Construction will take place between April and November this year, followed by four months of testing beginning in December.
The launch of Apple Inc.'s wildly-successful iPhone series in June 2007 sparked huge consumer demand for similar touchscreen-enabled mobile devices.