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LG turns panel plant to solar cell production line

Posted: 28 Oct 2008 ?? ?Print Version ?Bookmark and Share

Keywords:solar cell? photovoltaic?

LG Electronics will convert its A1 plasma panel-manufacturing line in Gumi, Korea, into solar cell production lines.

The company plans to invest $152.7 million by 2010 to establish two production lines. The company expects that the first line will be able to begin mass production from Q1 10, with the second line beginning full operations in the Q1 11. Both lines will manufacture crystalline silicon solar cells and modules with a capacity of 120MW each.

"Leveraging LG's cumulative R&D knowledge in various photovoltaic technologies for the last three years as well as our mass manufacturing expertise will allow us to quickly become a global player in the solar cell and module manufacturing business," said Kwan Shik Cho, head of the solar cell business team at LG.

LG currently operates a solar cell business team under its chief technical officer. The company has also progressively accumulated R&D knowledge to further expand its business into the solar energy industry as a new growth engine. As a part of this strategy, LG acquired solar cell business by transfer from its sister company, LG Chem Ltd, in June 2008.

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