LG Display Announces OLED Investment Plans

8/1/2017 9:33 AM 

LG Display recently announced its investment plan for OLED technology, which includes an up-front investment of KRW 2.8 trillion in a Gen 10.5 (2,940mm X 3,370mm) large-size OLED production line at its P10 plant in Paju, Korea. The company will also invest KRW 5 trillion in a new Gen 6 (1,500mm X 1,850mm) plastic OLED (POLED) production line in Paju.

LG notes that its investment decision comes at a time when the company’s large-size OLED panels for TVs such as its Wallpaper and Crystal Sound OLEDs are earning popularity in global markets. The company’s Gen 10.5 OLED production line will be the world’s first of this kind of facility. For more information, see LG’s most recent earnings release announcement.

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