JNTC Invests in Wearable Glass Factory in Vietnam

[Asia Economy Reporter Minji Lee] JNTC, a specialist company in cover glass and smartphone connectors, announced on the 20th a large-scale investment plan for its third factory in Vietnam.

The third factory in Vietnam will be constructed near Hanoi, where JNTC's subsidiary (JNTC Vina) is located, with a building area of 73,000m2 (22,000 pyeong). Wearable device cover glass will be mass-produced at the third factory starting from March 2021, with an expected total investment of approximately 100 million USD (about 115 billion KRW).

Exterior view of JNTC Vina Corporation Plants 1 and 2 located near Hanoi, Vietnam / Photo by JNTC

On the 20th, JNTC disclosed that its subsidiary JNTC Vina increased its capital by 15 million USD (about 17.2 billion KRW) to expand investment capital.

According to the company, through additional investments by the first half of 2021, mass production facilities for ultra-thin glass (UTG, Ultra Thin Glass) for foldable/rollable devices, automotive cover glass, and ultra-small camera glass will be sequentially expanded, with mass production scheduled to begin in June 2021.

With this new investment, JNTC will be able to mass-produce cover glass for small, medium, and large devices all at once. The company expects to possess overwhelming manufacturing competitiveness through the establishment of a state-of-the-art production line utilizing robots.

A JNTC representative stated, “Demand for related cover glass is increasing due to the advancement of displays,” and added, “Wearable device cover glass such as smartwatches is expected to grow significantly due to the recently expanding non-face-to-face healthcare and remote medical services.”

He continued, “As foldable/rollable displays and large automotive displays are applied, the demand for innovative display cover glass is also increasing,” and added, “Through JNTC’s proactive investment, we will lead the rapidly changing display cover glass market.”

This content was produced with the assistance of AI translation services.