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LG Display [NYSE: LPL, KRX: 034220], a leading innovator of TFT-LCD technology announced today that it has established a joint venture with AmTRAN Technology, a fast growing OEM/ODM LCD TV company in Taiwan, to better position itself in the LCD TV market.



LG Display and AmTRAN Technology signed an agreement to set up a joint venture that will produce LCD modules and EMS(electronic manufacturing system) based LCD TVs. The joint venture company, to be named Suzhou Raken Technology Ltd., will be set up in Suzhou, China, and funded with an investment of USD 20 million. LG Display and AmTRAN will each hold a 51% and 49% equity position in the new company. And the joint venture will be run on the spirit of full collaboration between both LG Display and AmTRAN



Under the agreement, an LCD module line will be newly constructed in AmTRAN’s existing TV plant in Suzhou. The plant is scheduled to produce 3 million LCD modules and 5 million LCD TV sets annually starting early next year.



The collaboration with AmTRAN is expected to help LG Display to expand its customer base by securing a stable, long-term source of demand for its panels. Moreover, the production of LCD modules and LCD TVs in a single location should lead to the use of fewer components through joint R&D and significantly lower packaging and logistics costs. The joint venture serves as a successful example of a win-win-win situation for panel supplier, OEM company, and brand TV maker.



Young Soo Kwon, President and CEO of LG Display said, “We decided to establish a joint venture with AmTRAN to provide differentiated value for our customers and consumers. We will reinforce our basic strengths through successful management of the joint venture and P8, which is scheduled to start mass production early next year.”





Reference

1. AmTRAN Technlogy is an OEM/ODM company that produced majority of LCD TVs sold by VIZIO in 2007. (Source: DisplaySearch)



2. EMS (Electronic Manufacturing System) EMS providers mainly manufacture products developed by brand makers or present in-house developed products to the customers. EMS represents a more active approach than OEM (Original Equipment Manufacturing).



About LG Display

LG Display Co., Ltd [NYSE: LPL, KRX: 034220] is a leading manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays.

The company provides TFT-LCD panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, and various applications. LG Display currently operates seven fabrication facilities and five back-end assembly facilities in Korea, China and Poland. The company has a total of 23,000 employees operating in ten countries around the world. Please visit http://www.lgdisplay.com for more information.





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Contact
Bang-Soo Lee, VP, Public Affairs & PR
LG.Display
Phone: +822-3777-1020
Email: bsleeb@lgdisplay.com

Frank Lee, Assistant Manager, Corporate PR
LG Display
Phone: +822-3777-1006
E-mail: aimhigh@lgdisplay.