November 22, 2024
LG
LG Display’s OLED plant in China set to begin full operations next month
LG Display said on July 9 that operations at its OLED factory in China will be put into full swing next month to ramp up its production capacity of premium panels in the key market.
The company has invested about 5 trillion won ($4.2 billion) to build the Guangzhou factory for the production of OLED sheets for large TVs, they noted.
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“Ahead of the mass production, the Guangzhou factory will begin test runs this month to check the quality of OLED panels,” an LG Display official said.
The company said earlier it plans to roll out 60,000 OLED sheets per month at the Guangzhou factory in the initial stage, which would increase its total monthly OLED sheet output capacity to 130,000 units this year when combined with its production line at its Korean factory in Paju, north of Seoul.
The global leader in OLED panels has been expanding investment in OLED panels to shift from the traditional LCD panels that have been plagued by falling demand and supply glut, partly from Chinese producers.
LG Display suffered an operating loss of 132 billion won in the first quarter due to low LCD panel prices amid tougher competition with Chinese brands.
By Ram Garikipati and newswires (ram@heraldcorp.com)
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