TPV secures loan for growth drive

Monitor maker TPV Technology has secured a US$50 million three-year syndicated loan to finance growth in its liquid-crystal display (LCD) business. TPV produced 890,000 LCDs last year and planned to double its output this year, chief financial officer Mondy Houng said, adding TPV needed working capital to finance the expansion because screen prices rose from US$195 in October to US$250 due to a supply shortage.