LG Display will decrease LCD production next year by 50%

3 December 2019, 06:12:31

LG Display will decrease LCD production next year by 50%The Elec reports that LG Display plans on cutting its production of LCD panels in 2020 by 50%. The company has already announced its sole focus on OLED panels, which are expected to account for 60% of its total panel sales in 2020. "We plan to downsize at the P7, P8 LCD TV factories in order to focus more on our strengths and streamline what's necessary," said LG Display CFO Seo Dong-hee at LG's recent third-quarter earnings announcement.

For 2019, LG Display will be probably second in LCD TV panels production after the Chinese BOE but for 2020, it will probably become fifth in this market niche after BOE, CSOT, Innolux and HKC. "LG Display is estimated to ship up to 48.6 million LCD panels for TV this year, but this figure is to fall to 27 million in 2020 to show a 44% fall," said IHS Markit in a recent report.

All this is part of LG's gradual transition to OLED TV panels. As 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.Source

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Specifications

Complete specifications of various desktop monitors and smart TVs, grouped according to their brand and year of announcement

AcerAOCAOpenAppleAsusBang & OlufsenBenQContinental EdisonDellDenverEdenwoodEIZOFujitsuGamemaxGigabyteGrundigHaierHannspreeHisenseHitachiHKCHPHuaweiIiyamaInsigniaJVCLeEcoLenovoLGLoeweMedionMetzMonopriceMotorolaMSINECNixeusNokiaOK.OnePlusOzonePanasonicPhilipsPixioQNIXRazerRCASamsungSceptreSharpSkyworthSonyTCLTelefunkenThomsonToshibaVestelVideoSevenViewSonicVizioWasabi MangoXiaomiYashi