LG Display JV to build US$4b plant
By Rhee So-eui |
00:00 UTC+8 October 15, 2009
|
Print Edition
Print Edition
SOUTH Korea's LG Display said yesterday that it would set up a joint venture for a proposed US$4 billion LCD plant on Chinese mainland, as Asian panel makers rush to increase their presence in the mainland's fast-growing TV market.
LG Display, the world's No. 2 maker of liquid crystal display screens, signed a non-binding agreement in August with Guangzhou in south China's Guangdong Province to build the plant.
Details, including LG Display's ownership in the joint venture and the timing of the investment, had not been decided, but LG Display aimed to start mass output from the plant in 2012, a company spokesman said.
The plant will use eighth-generation mother glass, capable of making large panels for popular LCD TVs.
Leading LCD makers in South Korea and Japan are considering or have began negotiations to manufacture panels on the mainland, while in the past they only kept back-end assembly lines in the country to protect advanced technologies.
Chinese mainland is set to overtake North America to become the world's biggest TV consumer in two to three years, Taiwan's AU Optronics said.
LG Display, the world's No. 2 maker of liquid crystal display screens, signed a non-binding agreement in August with Guangzhou in south China's Guangdong Province to build the plant.
Details, including LG Display's ownership in the joint venture and the timing of the investment, had not been decided, but LG Display aimed to start mass output from the plant in 2012, a company spokesman said.
The plant will use eighth-generation mother glass, capable of making large panels for popular LCD TVs.
Leading LCD makers in South Korea and Japan are considering or have began negotiations to manufacture panels on the mainland, while in the past they only kept back-end assembly lines in the country to protect advanced technologies.
Chinese mainland is set to overtake North America to become the world's biggest TV consumer in two to three years, Taiwan's AU Optronics said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
