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LG Display plans to increase its commitment to OLED displays

LG Display will newly invest around 800 billion won ($729 million) in the E4 production lines for OLED panels in Paju

11 Feb 2015 | Editor

According to recent news reports LG Display is pushing forwards its commitment to OLED displays as the company makes plans to invest more than 800 billion Won in constructing additional factory lines at its Paju, Gyeonggi Province, plant in 2015.

The new investment plan is in addition to the 800 billion won LG Display has already spent on the E4 OLED panel production division in Paju in 2013.

E4, which began operating in November, will produce 26,000 sheets once construction of the additional lines is completed.

LG previously said it would target the high-end TV market backed by its 77-, 65- and 55-inch ultra-OLED models.

The E3, another division of the Paju plant which has been in operation since 2013, currently produces 8,000 OLED panel sheets per month.

Han Sang-beom, chief executive of LG Group’s display business unit, said at a conference held by the Korean government, "LG Display will newly invest around 800 billion won ($729 million) in the E4 production lines for OLED panels in Paju." He added, "LG Display’s combined monthly production of OLED panels will reach 34,000 units this year."

www.lgdisplay.com    www.koreaherald.com   


Source: Korea Herald


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