LG will soon start mass production of big OLED displays in its new factory in Guangzhou, China

1 September 2019, 12:39:07

LG will soon start mass production of big OLED displays in its new factory in Guangzhou, ChinaAs planned, on August 29th, LG's new OLED factory in Guangzhou, China was completed. It will soon start mass production of large OLED panels for premium TVs. More specifically, these will be 55- and 65-inch OLED panels starting in 2019 and 77-inch OLED ones are expected to enter production in 2020. Currently, 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 LG's monthly production as the Gen 8.5 OLED production facility in Paju, South Korea produced 70,000 panels per month. LG said that the production will be increased to over 10 million by 2022.

LG Display has invested about 5 trillion won (US$4.2 billion) to build the Guangzhou factory and its part of its plan to focus on OLEDs and high-end TVs as the LCD business has generated losses for LG. In 2018, LG has shipped 2.9 million large OLED panels last year, which accounted for over 20% of its total sales, turning to a surplus for the first time in five years since the panels' launch. The expectations are this ratio to exceed 30% for 2019. According to IHS Markit, sales of OLED TVs will rise from 5.5 million in 2020 to 10 million in 2022.Source

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