[THE INVESTOR] Samsung Display announced on Aug. 24 that it has forged an alliance with sister company Samsung Electronics along with Chinese TV and panel manufacturers to further cooperation on expanding the curved panel industry.

The agreement was made at a forum held by Samsung Display and the Congressional-Executive Commission on China in Beijing on Aug. 23, the company said.

China-based TV manufacturers, including market leader Hisense and panel-makers TCL and Leshi Internet Information & Technology, attended the event, officials said.

The firms agreed to expand mutual cooperation on enlarging the Chinese curved display market with huge growth potential and research and development projects.

“Samsung’s curved display provides various options to the market with different technology and design,” said Han Gab-soo, vice president of Samsung Display.

According to Chinese market tracker CMM, curved TV sales in China are forecast to reach 2.3 million units this year and 4 million next year.

(theinvestor@heraldcorp.com)