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LG.Philips, Nippon Electric form glass polishing venture

Posted: 25 Feb 2005 ?? ?Print Version ?Bookmark and Share

Keywords:nippon electric glass? lcd? flat panel display?

Flat-panel display maker LG.Philips LCD Co. Ltd has set up a joint venture with Japan's Nippon Electric Glass (NEG), a supplier of LCD glass.

The two companies plan to build a glass polishing and processing facility in the Paju Display cluster outside of Seoul, Korea. The Paju Display cluster will be home to LG.Philips LCD's recently announced "P7" fab.

The new joint venture is called Paju Electric Glass Co. Ltd. LG.Philips LCD will own a 40 percent equity position in the new company.

Paju Electric Glass should begin construction of a back-end glass processing plant in the second quarter of 2005. The joint venture will source glass substrates from NEG's plant in Japan and the resulting output will be used for mother glass substrate demand at LG.Philips LCD's Paju flat-panel display manufacturing facilities, including its Gen 7 LCD factory, P7.

The glass substrates that are manufactured during the front-end process are cut and rinsed during the back-end process, and are then ready to be used as mother glass substrates at LCD production lines.

- Mark LaPedus

Silicon Strategies

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