Thursday, July 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung's New Curved TV Costs A Fortune
Seagate Launches Channel On Roku
Apple OS X Yosemite Bets Coming on Thursday
Apple Says There Are No Backdoors In iOS
Sony Invests in Image Sensor Production
Ultra-High-Definition TVs Still Lack Market Penetration
Lumia 530 Entry-level Windows Phone Released
ASUS Launches the RT-AC87 Dual-Band Wireless-AC2400 Gigabit Router
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Consumer Electronics > LG. Phi...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, July 11, 2005
LG. Philips to Increase Production in China


The LG. Philips LCD Co. said Sunday it would carry out a large-scale capital increase for its Chinese affiliate to generate funds for production expansion.

The world's largest maker of liquid crystal display (LCD) screens said that its board of directors approved the measure in a meeting on Thursday.

LG.Philips said the step is in anticipation of a recovery in the global LCD market, as well as growing demand in China, where economic growth is brisk.

It said that the capital increase will permit the Chinese affiliate to receive 25.4 billion won (US$24.1 million) to raise the company's capital holdings to above 100 billion won from 91 billion won at present.

LG.Philips LCD holds a 100 percent stake in its Chinese affiliate in Nanjing.

At present, the plant can churn out 1.5 million to 2 million LCD modules a month if the assembly lines are run at full capacity.

The company said the new funds are expected to allow several more assembly lines to be built so that annual output can reach 24 million by year's end.

LG.Philips LCD has begun installing thin film transistor-liquid crystal display (TFT-LCD) equipment at the seventh-generation plant P7 in the Paju Display Cluster in Kyonggi Province.

LG.Philips LCD said the establishment of the Paju Display Cluster, which broke ground in March 2004, is progressing well. The LCD maker plans to launch commercial operation of P7 in the first half of next year.

P7 will produce 1,950 by 2,250 millimeter glass substrates, the biggest glass substrate used so far for TFT-LCD production. The new substrate size is suitable for the production of 42-inch and 47-inch wide liquid crystal display panels.

The establishment of LG.Philips LCD's display cluster in Paju is expected to create employment opportunities and invigorate nearby LCD industry-related businesses, such as component and equipment makers and material suppliers.

The company also said it is considering building an LCD module plant in Eastern Europe as part of its global strategy to localize production and better serve the needs of customers.

LG Philips returned to profit in the second quarter of the year after a loss in the first even if earnings were down sharply on a year ago.

It said net profit income stood at 41 billion won (39.1 million dollars) in the three months to June, down from 701 billion won a year ago but reversing a three months to March net loss of 79 billion won.

Second-quarter operating profit fell to 29 bilion won from 771 billion won a year ago while sales declined one percent to 2.31 trillion won.

The company's results were above market expectations and marked a major turnaround from an operating loss of 135 billion won in the first quarter.


Previous
Next
HGST Cuts 2.5-Inch HDD Power Use by 60 per cent        All News        IBM Announces Low-power, Dual-core G5s
JVC Delivers New Line of HD LCD TVs     Consumer Electronics News      Intel Revelations Drive new Online File Distribution Models

Get RSS feed Easy Print E-Mail this Message

Related News
LG Display Introduces Lineup of Displays at SID 2010
LG Display Develops Full HD 3D Monitor Panel
Philips Further Lowers Its Stake in LG Display
LG.Philips LCD to Become LG Display
LG.Philips LCD Develops Highest Resolution Color, Flexible Display
LG.Philips LCD Unveils its Newest LCDs for Public Displays at CES
LG.Philips LCD Enters Into a Settlement Agreement with CPT
LG.Philips LCD Develops Dirt-Resistant LCD Panel For Notebooks
LG.Philips LCD to Showcase Next-Generation Technologies at FPD 2007
LG.Philips LCD to Launch Ultra-Slim 42-inch Full HD 120Hz Panel
LG.Philips LCD Develops a-Si TFT-LCD Mobile Phone 1mm Panel
LG.Philips LCD Develops Full Color Flexible AMOLED Display

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .