LG Display to invest $2.6 bln for flat screens

Jul 15, 2009
A promoter shows LCD television panels which use an edge-lit light emitting diode (LED) backlight system. South Korea's LG Display Co., one of the world's top LCD panel makers, has announced it would invest 3.27 trillion won (2.6 billion dollars) to meet the growing demand for flat-screen televisions.

South Korea's LG Display Co., one of the world's top LCD panel makers, has announced it would invest 3.27 trillion won (2.6 billion dollars) to meet the growing demand for flat-screen televisions.

The company on Wednesday held a board meeting and approved a plan to expand its LCD display production lines at its plant in Paju, 25 kilometres (16 miles) north of Seoul, it said.

"The company has been experiencing a shortage of 20-30 percent" in its supply to meet swelling demand, the company said in a statement.

It plans to start production at the new facility in the second half of 2010, the statement said.

LG Display and local rival lead the global flat panel screen market.

(c) 2009 AFP

Explore further: Amazon launches 3D printing store

add to favorites email to friend print save as pdf

Related Stories

LG claims world's thinnest LCD-TV panel

May 19, 2009

South Korea's LG Display said it has developed a liquid crystal display (LCD) television panel that is thinner than a pencil, describing it as the world's slimmest.

SAMSUNG Electronics Regains No. 1 Spot in LCD Market

Dec 20, 2004

Samsung Electronics regained the No. 1 position in the global liquid crystal display (LCD) market last month from LG.Philips LCD, according to the Texas-based display market research firm, DisplaySearch. The electronics gian ...

EU antitrust regulators charge LCD panel makers

Jul 13, 2009

(AP) -- European Union antitrust regulators have charged Royal Philips Electronics NV and LG Display with fixing the price of liquid crystal display monitors, Philips said Monday.

Samsung Electronics reports 72% profit slump

Apr 24, 2009

South Korea's Samsung Electronics, the world's top computer memory chipmaker, has announced its first-quarter net profit fell 72 percent year-on-year as poor demand depressed prices.

Recommended for you

Pfizer's 2Q profit sinks 79 pct but tops forecasts

3 hours ago

(AP)—Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a business spinoff gain of more than $10 billion. The latest results still edged ...

Aetna 2Q profit rises 2.4 percent

3 hours ago

Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer beat analyst expectations and raise its 2014 earnings forecast again.

Merck 2Q profit more than doubles

3 hours ago

A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double its second-quarter profit, raise the lower end of its profit forecast and easily top analysts' expectations.

Amazon launches 3D printing store

Jul 28, 2014

Amazon announced Monday the launch of an online store for 3D printed items to allow consumers to customize and personalize items like earrings, pendants, dolls and other objects.

User comments : 0