Barco and CEC-Panda have officially opened their new joint venture, Barco China Electronics Visualization Technology (Nanjing) Co., Ltd. (Barco-CEC). The new company is targeting control room and virtual reality applications. The joint venture was established at Nanjing on 31 March (‘Barco CEC’ Addresses China) and is incorporated in Nanjing (Panda headquarters) and headquartered in Shenzhen (home appliance headquarters), with the sales office headquartered in Beijing (Barco China headquarters). Barco owns 65% of the joint venture, while CEC-Panda owns 35%.
Only this week, a vendor commented to me about disappointment over IP issues in China – hardly a new topic! However, Barco has a lot of experience in China, having set up Barco Leyard in 2003 (although that J/V ended rapidly in 2006). Since then, Leyard has gone on to become the largest of the fine pitch LED wall makers. (BR)