LG Display to invest $2.544 billion in plant in KoreaChristian Fernsby ▼ | July 23, 2019
LG Display announced that it will invest additional KRW 3 trillion ($2.544 billion) into Gen 10.5 (2,940mm X 3,370mm) OLED production line at its P10 plant in Paju, Korea.
Asia The company is stepping up its efforts to shift its OLED-focused business
LG Display decided to aggressively expand the company’s large-sized OLED production infrastructure as the demand for OLED has grown sharply along with the recognition of its premium value, creating new opportunities and new markets.
The company will mainly produce 65-inch and above supersized OLED panels from the Gen 10.5 production line.
It will start producing 30,000 sheets per month from the first half of 2022.
An additional 15,000 sheets per month will be produced from the first half of 2023. ■