(Yicai Global) Aug. 29 -- Henan DBOE will invest CNY686 million (USD100 million) to build  a high-strength optical film production plant with an annual output of 100 million end units to fill growing market demand for these smart membranes.

DBOE will become a main global supplier of these products after the project goes into production, its parent Lida Optical & Electronic announced yesterday.

The facility will be in Nanyang in China's eastern Henan province, where both firms are based, and has a projected construction period of two years, per the announcement.

Smart vehicles and other new applications impose very high requirements for quality of display panels, above all for safety strength and scratch resistance. This sector has undergone explosive growth since last year, the announcement added.

The project will enable DBOE to develop high-level precision optical component products to become a supplier of mobile smart terminals, intelligent networked cars, and other high-growth new sectors, the announcement said.

Editor: Ben Armour