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JNTC Expands Cover Glass Shipments to Wearables
3D cover glass manufacturer JNTC will begin production of cover glass for wearable products in the first half of 2021. JNTC’s third factory in Vietnam for the glass is expected to be completed in April, with production beginning between May and June. After the factory is complete, the company must get approval from Samsung Electronics, which is its first customer for the glasses.
JNTC said it expected the third factory to begin operation within the first quarter, but this was delayed by around a month due to a recent surge in COVID—19 cases in Vietnam. The third factory will first produce cover glass for smartwatches. It had supplied samples to its customer back in November last year. It is planning to also produce cover glass for automobile displays and for ultra-thin glasses there as well. The first and second factories in the country focused on manufacturing cover glass for smartphones.
The third factory occupies an area of 73,000 square-meter and is larger than the first and second factories combined. The first factory and second factories have a monthly production capacity of 3 million and 2 million units, respectively. Its factory in Hwaseong, South Korea has a capacity of a million units a month. The third factory is expected to have a greater production capacity going forward.
JNTC expects its wearable business to account for 15 to 20% of its sales this year, people familiar with the matter said. Currently, cover glass for handsets account for 60 to 70% of its sales while connectors account for 20%. The company will likely begin production of ultra-thin glass in the fourth quarter at the earliest. It is developing the technology with BOE, for applications to foldable and rollable products.
JNTC expects 2021 sales flat to 2020. Wearable sales will go up, but it expects lower volume for glass supplied to Huawei through BOE. The company and formed a joint venture with BOE called BNJ in 2019. In 2019, the company posted 386.2 billion won in sales and 95.5 billion won in operating income. South Korean analysts expect the firm to have posted 363 billion won in sales and 86 billion won in operating income last year.
3D cover glass manufacturer JNTC will begin production of cover glass for wearable products in the first half of 2021. JNTC’s third factory in Vietnam for the glass is expected to be completed in April, with production beginning between May and June. After the factory is complete, the company must get approval from Samsung Electronics, which is its first customer for the glasses.
JNTC said it expected the third factory to begin operation within the first quarter, but this was delayed by around a month due to a recent surge in COVID—19 cases in Vietnam. The third factory will first produce cover glass for smartwatches. It had supplied samples to its customer back in November last year. It is planning to also produce cover glass for automobile displays and for ultra-thin glasses there as well. The first and second factories in the country focused on manufacturing cover glass for smartphones.
The third factory occupies an area of 73,000 square-meter and is larger than the first and second factories combined. The first factory and second factories have a monthly production capacity of 3 million and 2 million units, respectively. Its factory in Hwaseong, South Korea has a capacity of a million units a month. The third factory is expected to have a greater production capacity going forward.
JNTC expects its wearable business to account for 15 to 20% of its sales this year, people familiar with the matter said. Currently, cover glass for handsets account for 60 to 70% of its sales while connectors account for 20%. The company will likely begin production of ultra-thin glass in the fourth quarter at the earliest. It is developing the technology with BOE, for applications to foldable and rollable products.
JNTC expects 2021 sales flat to 2020. Wearable sales will go up, but it expects lower volume for glass supplied to Huawei through BOE. The company and formed a joint venture with BOE called BNJ in 2019. In 2019, the company posted 386.2 billion won in sales and 95.5 billion won in operating income. South Korean analysts expect the firm to have posted 363 billion won in sales and 86 billion won in operating income last year.
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