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LG Display to Invest in Expanding its 8th Generation Line
2015-03-27
LG Display Co., Ltd., a leading innovator of thin-film transistor liquid crystal display(TFT-LCD) technology, will invest KRW 1.486 trillion in expansion of its 8th generation production line to capitalize on the rapidly growing market for large-size LCD TV panels.
The company decided to invest in 8th generation production line ‘P8E+’ inside the P8 building in Paju Display Cluster to secure a distinctive edge in large-size LCD TV panels over the mid to long term. The decision was made at the board of directors’ meeting on March 12 based on review of the market environment and the company’s current production capacity.
Along with the company’s existing 8th generation line P8 and P8E, the ‘P8E+’ line will mainly produce 55-, 47- and 32-inch TV LCD panels from its 2,200㎜ X 2,500㎜ glass substrate. The line is scheduled to launch production in the first half of 2011 with a monthly capacity of 68,000 input sheets.
Previously LG Display has invested in 8th generation lines, namely P8 which began production in the first quarter of 2009 and P8E which will start operating this year. Backed by continuous investments, the company aims to gain the capacity to meet strong demands from the fast growing large screen LCD TV market while strengthening its position in the LCD industry where competition is increasing.
LG Display’s President and CEO Mr. Young Soo Kwon noted, “The decision to invest in P8E+ is intended to meet the current robust demand from customers and continued strong growth in demand driven by LED, 3D, Chinese and emerging markets from the mid to long term point of view.”
According to the market research firm DisplaySearch, the global LCD TV panel market surpassed the 100 million unit mark in 2008 to record 112 million units. The market is forecast to grow from 160 million units in 2009 to 184 million in 2010 and reach 204 million in 2011