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June 1, 2010

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Plant investment

EIZO Nanao Corp, a Japan-based display device producer, announced yesterday it would invest US$9 million to establish a wholly owned plant in Suzhou, Jiangsu Province, to penetrate the high-end medical-used monitor market in China.

The Suzhou-based venture, called Eizo Display Technologies (Suzhou) Co Ltd, will start output in October this year. The venture will cover procurement, manufacturing and sales in China.

Through the new venture, Eizo aims to capture 20 percent of the market in the growing Chinese medical-used monitor sector.
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