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LG.Philips scraps 5.5 gen LCD plan

Posted: 05 Jun 2007     Print Version  Bookmark and Share

Keywords:LG.Philips LCDs  large-sized LCD panels  LCD fabs 

LG.Philips has scrapped its plan to build an LCD plant for wide-format notebook panels, AP reported.

It had previously announced investing in the older-generation production line instead of an advanced facility optimised for 50-inch-plus flat screen TVs.

"The decision... was a strategic one," Kwon Young-soo, chief executive of the world's second-largest LDC maker said in a statement. "We will instead review investment in a next-generation facility, which will give us a long-term competitive edge in the large-area TV sector."

The company hopes to release details on the more advanced facility later this year, with mass production slated for 2009.

The reverse comes two months after LG.Philips posted its fourth straight quarterly loss due falling panel prices.

"The LCD industry has been growing rapidly and some LCD manufacturers have continued to expand production capacity through investments in new facilities," Kwon said. "At LG.Philips LCD, we believe that right now maximising the efficiency of our existing facilities and equipment is a better strategy."

Display makers have boost output and cut production costs following the use of larger glass substrates to cut LCD panels at fabs succeeding 5.5 generation facilities.

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