Friday, October 28, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alphabet Reports Strong Sales As Mobile Search and Video Ads Drive Revenue Growth
New Radeon Pro 400 Series Graphics Power 15-inch MacBook Pro
LG ULtrafine 5K/4K Displays Offer Performance and Integration With MacBook And New MacBook Pro
Sony Brings PlayStation Vue To Android TVs
Apple unveils new MacBook Pro Featuring Touch Bar, Ultra-thin Design
Apple unveils new TV app for Apple TV, iPhone and iPad
Uber Lays Out Plans Future of On-Demand Urban Air Transportation
Facebook Offers Halloween-themed Face Filters for Live videos
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > LG.Phil...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, February 24, 2005
LG.Philips LCD Announces Joint Venture with Nippon Electric Glass

LG.Philips LCD announced that it has established a strategic joint venture with Nippon Electric Glass (NEG) 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 company, to be named Paju Electric Glass Co., Ltd will be funded with an initial capital investment of KRW 36 billion. LG.Philips LCD will own a 40% equity position in the new company.

According to LG.Philips LCD, the establishment of Paju Electric Glass is a clear demonstration of the Company's commitment to create a strong, localized supply base and increase production efficiency and competitiveness. With the support of various suppliers and customers, the Paju Display cluster is on track to address the rapidly emerging LCD TV segment, as well as the growing large and wide monitor segment.

LG.Philips LCD and NEG formally announced their agreement to set up the joint venture during a signing ceremony on 23 February at LG.Philips LCD's Paju plant construction site, which was attended by LG.Philips LCD Vice Chairman and CEO Bon Joon Koo and President and CFO Ron Wirahadiraksa, and NEG Vice Chairman Tetsuji Mori and President Yuzo Izutsu.

The newly established Paju Electric Glass should begin construction of a back-end glass processing plant in 2Q '05. 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 TFT LCD manufacturing facilities, including LPL's Gen 7 TFT LCD factory, P7.

With the launch of P7, LG.Philips LCD seventh generation TFT-LCD fabrication facility, the Paju Display Cluster is expected to grow into the world's premier display cluster. The establishment of a cutting-edge industry complex and attraction of foreign investment serves as a successful example of the collective efforts and resulting benefits from various Korean local and central government bodies as well as many private companies' investments.

Reference: 1. NEG (Nippon Electric Glass)

Established in 1949, NEG is currently a top tier TFT-LCD glass manufacturing company. NEG supplies glass substrates that companies use at their fifth and sixth generation TFT-LCD fabrication plants worldwide.

2. TFT-LCD Back-End Process

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.

ATI Invites Gamers to Tweak Their PCs With the PROs and Get a Sneak Peek at the World's First 512MB Gaming Card        All News        Double computing speed
Sharp Announces Availability of Professional Projector for Large Venues and Other High-End Installations     Consumer Electronics News      Apple updates iPod mini

Get RSS feed Easy Print E-Mail this Message

Related News
LG ULtrafine 5K/4K Displays Offer Performance and Integration With MacBook And New MacBook Pro
Weak Smartphone Sales Keep LG Electronics's Third-quarter Profit Down
LG's Next Flagship G6 Smartphone Won't be Modular
LG launches 38-inch 21:9 Ratio Monitor
LG Electronics 3Q profit Down As Mobile Worries Continue
LG and Samsung Replacing LCD with OLED Amid Competition From Chinese LCD Makers
LG Curved OLEDs Not Ready For The G6 Smartphone: report
LG's New X Power Phone Coming At Boost Mobile, Sprint
LG's 77-inch 'LG Signature' OLED TV Available For $20K
LG V20 Smartphone Is Coming With Android Nougat, Dual Screens, Wide Angle Cameras
LG Electronics to Release Quantum Dot TVs Next Year
LG to Boost Its Components Business

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .