BOE Technology Group Co Ltd, China's biggest LCD panel maker, will continue to increase investment on expansion even though it posted a 360 million yuan (US$45 million) loss in the third quarter and is forecasting a loss for the entire year.

BOE's LCD monitors were displayed at China Beijing International High-tech Expo on May 23 this year. [newsphoto]

The Shenzhen-listed firm will spend US$90 million on upgrading its Beijing liquid-crystal-display panel manufacturing facility, BOE said in a statement to the city's stock exchange yesterday.

The company said US$50 million has already been invested and the remainder will be spent when market conditions warrant.

"LCD undoubtedly presents worldwide opportunities, but the field is not for everyone, especially small players, " said David Hsieh, vice president of DisplaySearch, a US-based display-related research firm.

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