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.
