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All set for LG Display's 2nd China plant

Posted: 11 Apr 2008 ?? ?Print Version ?Bookmark and Share

Keywords:LCD? LG assembly plant? China?

LCD panel maker LG Display Co. has finished the construction of its second assembly plant in China. The company hopes to double annual production capacity of the new plant in the southern city of Guangzhou to 20 million LCD modules for TVs and monitors by 2010, up from the current 11 million units.

"The construction of the Guangzhou plant was aimed at actively coping with client demands by localizing production," LG Display CEO Kwon Young-soo said in a statement.

According to LG Display, quoting a DisplaySearch forecast, sales of LCD TVs in China are expected to hit 15.5 million units this year, fueled by the growing demand ahead of the Beijing Olympics in August.





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