LG's OLED factory in Guangzhou will be ready on August 29th

16 August 2019, 09:13:15

LG's OLED factory in Guangzhou will be ready on August 29thThe LG OLED factory in Guangzhou, China will be completed on August 29th. It will start producing 55- and 65-inch OLED panels this year and 77-inch OLED ones are expected to enter production next year. The 77-inch OLED panels are produced only at the 8.5-generation Paju plant in Korea. The Guangzhou plant will employ the multi-model glass (MMG) technology which will allow the production of 48-inch and 77-inch panels from one and the same mother glass. The plant will be able to produce 60,000 OLED panels per month. This will nearly double its production as the Gen 8.5 OLED production facility in Paju, South Korea produced 70,000 panels per month.

Data from market consultancy All View Cloud shows that global shipments of OLED TVs reached 2.4 million units in 2018, an increase of 69.4% year-on-year. According to IHS Markit, that the interest in large-size screens is growing fast. The growth of the 70-79-inch OLED TVs in 2018 has been 378% in quantity and 216% in sales revenue.Quelle

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