Monday, July 28, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Motorola Said To Make Google's Next Phablet
Apple-Beats Deal Cleared By Europe
New Ultrastar SAS Solid-state Drives Offer Up To 1.6TB Capacities
PNY Releases Coin Sized Micro M2 Flash Drive
Samsung Delays Tizen Smartphone Launch
Logitech Announces Budget UC Headset
Amazon Offers New 3D Printed Products Store
Bose Says Beats Electronics Infringe its Patents
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 > General Computing > LG Disp...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, May 25, 2012
LG Display Invests On 8th Generation LCD Panel Plant in China


Earlier this week LG Display celebrated the groundbreaking of its 8th generation LCD panel plant in Guangzhou, China, with the goal to begin mass production in the second half of 2014.

The new plant is expected to strengthen the company's business competitiveness in China, now the world's largest LCD TV market. It is located on a 695,000m2 site in Guangzhou's Advanced Technology Industry Development District and it is a joint venture invested at a ratio of 70:20:10 by LG Display, the Guangzhou Development District, and Skyworth Digital, one of the largest TV set makers in China and strategic partner to LG Display.

By locally producing LCD panels, LG Display will provide its customers in the world's largest LCD TV market with closer and more efficient services while also creating synergy with other LCD component makers in partnership. Also as Guangzhou is nearby major set makers like Skyworth, Konka, and TPV in Shenzhen, Dongguan, and Fuqing, LG Display will be able to reduce distribution, labor, and tax costs for better production cost competitiveness.

"The groundbreaking of LG Display's 8th generation LCD plant further distinguishes our competitive advantage both locally and globally when it comes to supplying customers with the best products and support," said Dr. Sang Beom Han, CEO of LG Display at a ceremony attended by company executives and government officials. "With the local production of LCD panels, LG Display will continue to take the lead in China with a streamlined, highly efficient production process."

According to DisplaySearch, approximately 44.52 million LCD TVs were sold in China in 2011. China is now the world?s largest LCD TV market, surpassing Western Europe and North America, and expected to expand its market size to 57.20 million by 2014.

LG Display said that itsinvestment schedule in China will be finalized after considering the display market situation and overall company strategy.


Previous
Next
Ultra High Definition Television Standards Agreed        All News        Microsoft Tops In Inquiry List For Copyrignt Removals In Search
New Wireless Chip Trasmits Data 1,000 Times Faster Than Bluetooth     General Computing News      Microsoft Tops In Inquiry List For Copyrignt Removals In Search

Get RSS feed Easy Print E-Mail this Message

Related News
UHDTVs Boost LG Display Profit
LG Display to Invest 700 bln Won On OLED Production
LG Display Reports Low 4Q Profit As Panel Prices Weaken
New SDXC And SDHC Memory Cards Support 4K2K Video
LCD TV Panel Shipments Dip in Q3 For The First Time
Sharp Launches The LL-S201A 20-inch Multi-Touch Monitor
Strong Shipments Reported For High-Resolution Tablet Panels in 2013
LCD TV Panel Inventory Rises, Spurring Price Drops
Sharp AQUOS DR TVs Pack 500GB HDDs, Blu-ray Drives
Sharp To Launch Redesigned AQUOS Quattron G9 LCD TVs
Global TV Market Won't Recover Until 2015
LCD TV Shipments Fall in 2012

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 .