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LG invests in new OLED TV panel line

Posted: 19 Feb 2013     Print Version  Bookmark and Share

Keywords:OLED TV  the production line  motherglass sheets 

LG Display said it will invest Rs.3,584.74 crore (KRW 706 billion) to build a new OLED TV panel manufacturing line. The new 8th generation production line will be installed at the company's P9 plant in Paju, South Korea.

Based on WRGB OLED evaporation process, the production line will have a capacity to process 26,000 motherglass sheets a month that are big enough to make six 55-inch screens per sheet.

The company said it will begin investment in the production line in the first quarter of 2013, with mass production scheduled for the first half of 2014.

According to forecasts by research firm DisplaySearch, the OLED TV market will experience dramatic growth starting in 2014 to become a Rs.16,393.44 crore ($3 billion) market by 2015.

"With introduction of the world's first 55-inch OLED TV in January 2013, LG Display has demonstrated its position as a pioneer of the OLED TV era. The company moves a step ahead in the emerging OLED TV market through new investments with a strategy of providing differentiated value to customers," LG Display said in a statement.

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