LG Display inaugurates its first LCD panel plant larger than 40” in China

With the aim of mass producing LCD panels larger than 40” for Full HD and UHD televisions, LG Display has inaugurated its first manufacturing plant for these systems in the Chinese city of Guangzhou to improve its competitiveness and positioning in this country and globally..

The new generation of 8.5th LCD panels (2.200×2.500 mm) of the South Korean multinational LG Display It will be manufactured in the recently opened plant located in Guangzhou (China), which the government of this country has certified as the first 'green plant' in China, to which are added seven other international certifications, and with which the company wants to improve its position and competitiveness in this market and globally in the production of LCD panels. 42, 49 and 55” that are used in Full HD and Ultra High Definition televisions (UHD).

The LCD panel production plant will be operated by LG Display China, a joint venture between this company and Guangzhou Development District (Guru) the skyworth, one of the leading Chinese television manufacturers and strategic partner of LG. The South Korean multinational has provided the 70% of the investment for the start-up of this installation of 330.000 square meters, while the other two companies have contributed the 20 y 10%, respectively.

The opening ceremony was attended by Sang Beom Han, CEO and president of LG Display (in the image), who stated that “by operating the first LCD panel plant in China, which has become the largest television market in the world, We are going to further strengthen our position in the country. Building on our success in China, “LG Display will continue to lead the global display market”.

During this act, Sang Beom has been accompanied by the company's main executives, as well as representatives of the most important television manufacturers in China.

In its initial phase, Guangzhou plant will produce 60.000 panels per month that will be gradually increased until reaching full capacity, encrypted in 120.000 monthly panels at the end of 2016, which will allow the company to improve time to market with efficient production combined with differentiated strategies, such as offering high-end and value-added products, develop market niches, Provide prompt technical support to your Chinese customers, as well as saving costs in terms of logistics and lower tariffs.