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LG Display rumoured to be close to investing US$4.5 billion in new OLED production in Paju

What seems to be driving this decision is the possibility that Apple - the largest purchaser of display panels in the industry - is getting ever closer to adopting OLED panels in its devices

19 Nov 2015 | Editor

According to a news article on the Business Korea website it is reported that LG Display will establish its 10th OLED panel production line, P10, in Paju. The company could make an investment worth 4 trillion to 5 trillion won (US$3.42 billion to 4.27 billion).

This is in addition to the investment announcement in July in which LG Display was reported to be considering investing more than 1 trillion won (US$853.97 million) in building a new plant in Gumi to produce the Gen 6 OLED (substrate sheet size of 1,500mm x 1,850mm).

The total investments LG Display is planning for plants in Gumi and Paju will reach 5 trillion to 6 trillion won (US$4.27 billion to 5.12 billion) within this year.

This is within the scope of the plan announced by LG Display in August were the company said it would consider making investments of 10 trillion won (US$8.54 billion) by 2018.

What seems to be driving this decision is the possibility that Apple - the largest purchaser of display panels in the industry - is getting ever closer to adopting OLED panels in its devices sometime in 2017 - 2018 just as the P10 will be ramping up.

There is much discussion within the display industry that OLED panels represent the growth engine in the future, replacing the liquid-crystal display (LCD) market that will is expected to finally reach a plateau within the next three to four years.

LG Display President Han Sang-beom said, "We haven’t decided yet whether to make supplemental investments or new investments for 10th–generation production by increasing substrates, after the investment in 8th–generation OLED. When choosing the way to the 10th–generation, we are also inclining to OLED but will decide later after watching it a little more." Hans Sang-beom added, "However, the company is less likely to build the 10th–generation line because there should be glass substrate production plants around and it takes a considerable amount to construct the production facilities."

www.lgdisplay.com    www.businesskorea.co.kr   



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