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Technology Stocks : OLED Universal Display Corp
OLED 208.93-3.0%Jun 18 4:00 PM EDT

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From: Ravid.Ron4/12/2021 5:06:49 AM
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LG Display begins full-scale expansion of OLED plant in Guangzhou, China..Starts setup

It has been confirmed that LG Display (034220) has expanded its factory in Guangzhou, China, which is an advanced base for organic light-emitting diodes (OLEDs). It is a policy to actively respond to the demand by increasing production capacity while the demand for OLED panels has recently increased due to Corona 19.

According to related industries on the 12th, LG Display recently started set-up work, such as bringing in OLED production line equipment for the second stage expansion of the Guangzhou plant. In fact, it is known that equipment makers such as Invenia, who previously participated in the construction of the first phase of the Guangzhou plant, recently signed an equipment contract related to the second phase expansion with LG Display.

LG Display's Guangzhou plant is a large OLED advance base considering the Chinese market. It invested a total of 5 trillion won, including capital, to start production after completion last year. Currently, it is producing 60,000 large OLED panels per month in the first phase. At the time of the second stage of expansion, 30,000 sheets are added per month, and it has the ability to produce up to 90,000 sheets per month. Including the domestic factory in Paju, LG Display's large OLED production capacity will expand to 170,000 units per month.

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