LG's New 55+ inch OLED Plant in China Opens: Over 1m+ per Year
by Anton Shilov on August 31, 2019 11:00 AM EST- Posted in
- Monitors
- Displays
- LG
- OLED
- LG Display
LG Display this month started production at its 8.5th Generation OLED manufacturing facility in Guangzhou, China. When fully ramped, total capacity of the factory will be 90,000 substrates per month. The plant will produce 55, 65, and 77-inch high-resolution panels for televisions. In fact, LG’s goal is to make 10 million large size OLED panels per year by 2022, which means to more than double its current output.
The new 8.5G OLED panel plant is a nine-level building above the ground that occupies a 74,000 m² piece of land and provides 427,000 m² of floor space. Initial capacity of the manufacturing facility will be 60,000 2200×2500 mm substrates per month, which will be expanded to 90,000 sheets per month by 2021. The factory will be operated by LG Display High-Tech China, a joint venture between LG Display and Guangzhou Development District, in which the former holds a 70% stake (with ~$2,150 billion in capital).
Facing cut-throat competition from various makers of liquid crystal displays, LG Display recently set a strategic goal to significantly expand production of large OLED panels in a bid to serve more lucrative and growing market segments. LGD says that it sold 2.9 million huge OLED panels in 2018 and expects to sell 3.8 million large panels this year, which will turn this business to profitability. Citing market researchers, the manufacturer says that demand for OLED TVs and panels is growing and to that end, it makes a great sense to invest in OLED plants.
Right now, LG makes 70,000 8.5G OLED substrates at its plant near Paju, South Korea. The company is building a 10.5th Generation OLED plant near Paju that will produce 45,000 of 2940×3370 mm substrates per month when it is ready in 2022. Combined, LGD will manufacture 160,000 8.5G OLED substrates and 45,000 10.5G OLED sheets a month in 2022. The company hopes that its expanded manufacturing capacity will enable it to make 10 million of large OLED panels per year by 2022.
Related Reading:
- LG to Start Production of OLEDs in China Next Month, Set to Double OLED Output
- AU Optronics OLED Displays: A New Foldable + A New 17.3-Inch 4K120
- Japan’s Ministry Approves Shipments of Industrial Chemicals to South Korea
- Samsung Mulls Suspending South Korea LCD Plant Due to Oversupply
Source: LG Display
Facebook
Twitter
RSS
81 Comments
View All Comments
Surfacround - Monday, September 2, 2019 - link
size of the panel...Surfacround - Monday, September 2, 2019 - link
sorry, size of the motherglass panel which they cut the TV panels fromuibo - Monday, September 2, 2019 - link
Thank you!Your answer lead me to this:
http://news.samsungdisplay.com/13671
Alistair - Saturday, August 31, 2019 - link
Still no 24" or 27" or even 40" models coming I guess.Gunbuster - Tuesday, September 3, 2019 - link
Even a 49" would be nice. I could make the trade off and risk of burn in but nope, my desk can only fit 49"/50" width.jmunjr - Saturday, August 31, 2019 - link
I'm not sure where you have been looking, but LG OLEDs have plummeted in price, with both 55" B8, C8 & E8 series going for under $1000 and 65" B8s going for $1400 & C8s $1650 at one point recently. The latest C9s have been as low as $1900 the past few years. All these prices were from authorized dealers, though LG still will honor warranties bought from non-authorized dealers. Regardless, this is good news for consumers.Morawka - Sunday, September 1, 2019 - link
I get so sick of seeing these joint ventures with China's state-run corporations.Kvaern1 - Sunday, September 1, 2019 - link
Not to mention seeing alle the +1 Emperor Xi socialcredit posts from the drones.imaheadcase - Sunday, September 1, 2019 - link
Yah i'm so glad the USA doesn't help companies like auto industry and tech companies shore up better loans and give money. Terrible right? /sarcasmMorawka - Sunday, September 1, 2019 - link
No, we have the stock market and venture capital for that. The Chinese are requiring that all foreign corporations go into 50/50 partnerships, as well as requiring forced technology transfers. The communist elites (made of about 12-13 families) are skimming the profit from these corps,and using the rest to build up their military instead of distributing it to the people. Lookup how much public housing China offers it's citizens in comparison with the USA or any other country for that matter.