Google translation:
Lens Technology plans to invest $ 532 million in the production of corundum. The target market is the one of the screens of smartphones. Problem: it has already been the subject of disappointment in the past.
The integration of monocrystalline corundum (synthetic sapphire) in the screens of smartphones prevents scratches. Late 2013, the announcement by Apple and GTAT an overall investment of around one billion dollars in the construction of a corundum mill had raised the enthusiasm of the industry, which already foresaw substantial purchases of this mineral smartphones by manufacturers or their subcontractors. But those hopes disappointing, the iPhone 6 is not integrated screen covered corundum. And in October 2014, GTAT is bankrupt.
Yet behold Lens Technology announced this year an investment of $ 532 million in building a factory dedicated to synthetic sapphire in Changsha (China). For this initiative to be completed in the next two years, Lens should invest a total of over $ 920M, according to Eric Virey (Yole Développement).
And shortly before the announcement of Lens Technology, Biel and her partner Roshow announced that they would double the capital of their joint venture (joint venture) corundum, located in Mongolia, and to increase the number of ovens 200 end 2014 to 700 in late August, 2015.
Aurora Sapphire provides, in the same way, doubling the current number of furnaces to 1400 units.
All Comedy, or not, above or below, in this post and my post history in its entirety not to be taken as investment advice
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