On January 23, Hefei Xinmei Materials Technology Co., Ltd., a subsidiary of Haosheng Technology Group, successfully acquired the optical functional film business of LG Chem (LGC) of South Korea for a sum of 4.5 billion yuan. This strategic move signifies a significant advancement for China's optical functional film industry within the global value chain. Industry experts observe that the upstream capacity for polarizer materials has traditionally been concentrated in South Korea and Japan. Nonetheless, with the shift of LCD panel capacity to China, the polarizer and its core material industries have witnessed rapid growth within the country. This acquisition is poised to further accelerate China's development in this domain.
