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LG Display to build OLED panel plant in South Korea

Posted: 01 Dec 2015     Print Version  Bookmark and Share

Keywords:LG Display  OLED  smartwatch  LCD  TV 

LG Display has revealed that it will invest about $1.59 billion to begin building a panel plant in Paju, Gyeonggi Province, Korea, with production expected to begin in 1H18. Named as the P10 by the company, it aims to address anticipated demand for OLED panels in the next several years. The P10 plant will mainly produce both large-size OLED TV panels and flexible OLED panels for smartwatches and car displays.

The investment covers the construction of the P10 building, the foundations for the clean rooms and infrastructure for water and power supplies and will begin this year. LG Display will gradually expand the scale of the production line based on customer demand and market conditions.

The completed plant will cover an area of 382m x 265m, which is equivalent in size to 14 football fields, and will be 100m high. Plans call mostly for the installation of large size OLED lines that will be 9th generation or above along with flexible OLED lines at the plant. The first production line is scheduled to start mass production in 1H18.

The company is expecting the lines will produce OLED in every product segment, including ultra large-size products as well as future products such as flexible and transparent displays. Sang Beom Han, CEO and president of LG Display said, "LG Display's investment in P10 Plant is a historical investment for the industry since it will not only help expand the OLED market but also accelerate the development of future display technologies. With the active support of the Korean government, we believe the P10 plant will become the centre of the global OLED industry."

TV manufacturers in Korea, China and Japan have launched OLED TV models and more TV manufacturers in Japan and Europe are expected to adopt OLED TVs in the near future. Demand for flexible OLED panels in the smartwatch and automotive display sectors is also rising because they offer better design flexibility than LCD panels.





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