LG Display invests in 5th generation OLED light panel plant
The plant is to be located in the South Korean city of Gumi, where it will produce a range of OLED light panels.
The initial input capacity at the plant will be 15,000 glass substrates per month. The monthly input capacity could be gradually ramped up depending on the market situation.
LG Display expects the increased production with the new facility to give the company economies-of-scale which will help the company obtain price competitiveness. In addition, the accumulated OLED display technical know-how will allow LG Display to enhance OLED light product quality.
The 5th generation facility will give the company panel size flexibility. With the larger glass substrate, LG Display will be able to produce a wide range of different size light panels, including giant ones. Further, this ability to make giant panels will better enable the company to penetrate the general lighting market.
The investment decision follows the acquisition by LG Display of the OLED light business of its sister company, LG Chem in December, 2015.
LG Display will focus on task lighting and decorative lighting in high-end retail stores and in luxury hospitality; and expand to the general lighting market going forward. Also, the company will focus on automotive and convergence applications such as OLED light panels merged with furniture, architectural materials, electronic devices and more.
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