A fire at an LCD monitor assembly plant in China ultimately damaged 14 production lines and caused an estimated US$71.27 million in damage, according to Lite-On IT, the Taiwanese owner of the factory.
A short circuit caused the fire at Lite-On's Dongguan, China factory on February 3, but the company reported the cause and damages on Tuesday in a public release. The damaged lines are used to make LCD (liquid crystal display) computer monitors and LCD TVs and the fire damage will affect shipments.
Over the next two months, Lite-On, a major contract LCD monitor assembler, will only be able to partially fill orders to major customers. The company has been able to shift some production to other production lines, it said in the statement.
Analysts do not expect the supply disruption to affect global LCD monitor or LCD TV markets, but said it could cause headaches for some of Lite-On's customers.
Community Comments