LG Display to invest $908m in plastic OLED plant

LG Display to invest $908m in plastic OLED plant

Business news |
South Korea's LG Display Co Ltd has revealed plans to invest $908 million to build a plastic organic light-emitting diode (OLED) display production plant in a bid to ramp up spending on the next-generation technology.
By eeNews Europe

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The investment will begin in the third quarter of 2015 and is scheduled to be completed by the second quarter of 2017. Once fully ramped up, the plant’s monthly capacity will be double that of an existing production line for LG Display.

The world’s top liquid crystal display (LCD) maker had been considering adding capacity for plastic OLED screens amid growing demand from applications such as smartphones and smartwatches from clients such as Apple Inc and sister firm LG Electronics Inc.

LG Display and Samsung Electronics Co Ltd subsidiary Samsung Display are the only firms in the industry so far capable of mass-producing OLED screens, which are more flexible and consume less power than current-generation LCD screens.

LG Display will also be able to use the plant to address future applications such as foldable screens and automotive displays.

Related articles and links:

www.lgdisplay.com

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