IT168 News October 31, coincides with the 45th anniversary of the establishment of diplomatic relations between China and Libya. State Council Premier Li Keqiang held talks with Belgian Prime Minister Michel who was on an official visit to China. Both parties expressed their recognition and support for a series of projects to promote cooperation between Chinese and Belgian companies. Among them, the project of CLP Bartech (Nanjing) Co., Ltd., a joint venture between China Panda and Barco in Belgium, was formally selected.
The signing ceremony of the joint venture took place on the afternoon of October 30 at the Belgian Embassy in Beijing. Under the witness of Belgian Prime Minister Michel, Chen Guanyi, General Manager of Panda, signed the cooperation agreement with Jan De Wittezai, Chief Executive Officer of Barco.
Barco Belgium is a global leading technology company that designs and develops visualization solutions for professional markets. Its business covers Europe, North America, South America and more than 90 countries and regions in Asia Pacific. Products are widely used in medical imaging, media and entertainment, infrastructure and Public utilities, transportation and transportation, defense and security, education and training, smart display and other professional fields. China Panda is a leading company in China's electronic information industry. It has a world-leading liquid crystal display technology and has a strong foundation in technology, industry, and networks. In order to seize the booming market opportunities in the domestic splicing and display industry, China National Electric Panda Co., Ltd. and Barco can join forces to provide advanced splicing screen solutions for China's key infrastructure application areas through the establishment of a Sino-British joint venture company in Nanjing. Virtual Reality display system solutions, jointly develop, produce, and sell the world's most advanced visual series products to better meet the needs of the Chinese splicing display market.
The registered capital of the joint venture company is US$15 million, 65% of which is owned by Barco or its affiliates, and 35% of which is owned by Chinese Panda or its affiliates. Headquartered in Nanjing, CLP Barco has an operations center in Shenzhen and a sales center in Beijing (Barco's China headquarters).
The opening ceremony of the joint venture company was held in Beijing on the morning of November 1st. Hu Yan, Director of Electronic Information Department, Ministry of Industry and Information Technology of China, Ma Huaiyu, Ambassador of Belgium, Li Jun, Director of China Electronic Planning Science and Technology Department, Chen Kuanyi, General Manager of Panda, and Liang Shengyuan, Deputy General Manager, and Jan De Witte, Chief Executive Officer of Barco, etc. Opening ceremony.
At the opening ceremony, Chen Kuanyi, General Manager of Panda, said that Barco, as a global leader in visual solutions, enjoys a high reputation and credibility in China. As the leading company in China's electronic information industry, LCD is the most important In the product category, this combination of strengths and strengths enables our solutions to more effectively adapt to the needs of local customers and lay a solid foundation for achieving the goal of being the largest solution provider in China's control room and virtual reality market.
Bare Chief Executive Officer Jan De Witte said that the establishment of the joint venture company is in full compliance with the spirit of cooperation between the two countries to celebrate bilateral relations. It is a great privilege to have good cooperation with the panda and to bring a new brand to the Chinese market through joint ventures. The splicing screen solution provides the richest professional knowledge for the vertical industry in China.
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