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East China’s Jiangsu province has stepped up the construction of major investment projects and ensured their smooth progress through every possible effort so as to give a strong impetus to the province’s economic development. JSBC has the story.

As of the end of May, Jiangsu has completed 47.7% of the annual planned investment for 500 provincial-level major projects with 133 major projects under construction and 18 major projects put into operation.

Zhangjiagang Economic and Technological Development Zone has recently launched a high-end polarizer project with an annual output of 50 million square meters.

Invested and constructed by Shanjin Optoelectronics, the world"s largest polarizer supplier, the 3-billion-yuan project is a self-developed and constructed ultra-wide polarizer production line in China, which will increase the company"s global market share to 35%.

“In the past, polarizers were monopolized by a few international giants in Japan and South Korea. We quickly entered this market through acquisitions and developed many globally leading products. In the next step, we will increase our research and development efforts, striving to provide customers with more high value-added new products throughout the entire industry chain, and adapt to the ubiquitous needs of future displays”, Zhu Zhiyong, President of Shanjin Optoelectronics, said.

Polarizer is the core material of liquid crystal displays, with China accounting for 70% of the global production of liquid crystal displays and Jiangsu ranking first in the country in terms of production of liquid crystal displays.

Leading manufacturers represented by Shanjin Optoelectronics are accelerating the release of new production capacity and technological layout so as to have increasedthe self-sufficiency rate of domestic polarizers from less than 20% in the past to 60% at present.

Shanjin Optoelectronics is expanding the development of high-end polarizers for new scene applications such as in car and VR displays so as to have enhanced the security and dominance of Jiangsu and even China in the supply chain of the new display industry.

The construction of new energy vehicles, photovoltaic, and wind power industry projects has further enhanced Jiangsu"s advantageous position in these fields.

Spurred by the construction of large-scale investment projects, the industrial growth rate in Jiangsu has rebounded month by month since the beginning of this year with the quality significantly improved. Jiangsu recorded a revenue share of nearly 22% in the high-tech industry, with good growth in the electronics industry, rapid development in the new energy industry, and revenue growth in the lithium-ion battery manufacturing, photovoltaic equipment and component manufacturing industries ranging from 60% to 80%.