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Nitto Denko to offer LCD parts technology to Chinese partner

Japanese manufacturer eyes entry into expanding TV market

Nitto Denko produces optical films at its Onomichi plant in Japan's Hiroshima Prefecture.

TOKYO -- Japan's Nitto Denko will supply technology for making a key component for LCD televisions to companies in China, looking to gain a foothold in the market amid growing demand for its high-quality products.

The electronic parts maker will sign a five-year deal starting this month to provide polarizer-related technology to China's Hangzhou Jinjiang Group and affiliates based in Taiwan and mainland China. Nitto Denko will collect around 7 billion yen to 8 billion yen ($61.4 million to $70.2 million) in royalties from the agreement this fiscal year, with additional revenue to be generated based on progress down the road. The company expects to earn a total of about 15 billion yen from the deal over the five years.

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