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http://www.koreaherald.com/business/Detail.jsp?newsMLId=20100422000750
LG Display is aiming to catch up with market leader Samsung Electronics in flat-screen panel production with aggressive investment plans.
Kwon Young-soo, chief executive of LG Display, yesterday announced a plan to invest 727 billion won to build a new LCD plant in Paju, Gyeonggi Province. An additional 250 billion won will be spent on producing organic light-emitting diodes.
The announcement came as LG Display reported its first-quarter operating profit of 789.4 billion won, which well exceeded market expectations. LG Display expected supply and demand to be balanced in the second quarter, as sporting events such as World Cup are expected to boost demand for LCD TVs.
In 2009 and 2010, LG Display has announced a slew of investment plans to boost capacity, which are expected to catapult LG ahead of Samsung in terms of production capacity in the first half of next year.
This year alone, LG eyes investment of more than 5.5 trillion won, from 4 trillion won last year.
With this years investment, there is a possibility that we would be able to raise our market share, Kwon said at an investor meeting yesterday.
LGs new LCD factory, P9, whose construction is due to be completed in the fourth quarter of 2011, aims at responding to changes to the LCD TV market quickly and flexibly, LG said.
We are weighing whether to construct an eighth-generation line or an 11th-generation line at P9. An 8th-generation line is most likely to be built, a spokesperson for LG Display told The Korea Herald.
But Samsung isnt expected to give up its market position without a fight. Analysts raised concerns that the move by LG Display could ignite Samsung to follow suit, which would result in oversupply in the sector.
With OLED investments, LG also seeks to take on Samsung Mobile Display, the market leader(90% in the world market). OLEDs are promising as they are thinner than LCDs, have better picture quality and consume less power.
LG plans to expand its monthly OLED output capacity to 12,000 glass sheets in the latter half of 2011, from the current 4,000. It plans to mass produce OLEDs in the third quarter this year. 　
We will expand our business portfolios by accelerating our efforts to nurture new businesses such as AMOLED, flexible displays, he said.
LG Display plans to produce OLEDs for smartphones and other mobile devices this year, and OLEDs for 30-inch TVs in the second half of 2011.
LG Display also plans to invest in other future growth areas such as e-papers and solar cells.
The move is seen to address persisting concerns about the companys heavy reliance on the highly-volatile LCD business, which has weighed down its shares.
In the e-paper display field, LG Display seeks to become the worlds No. 1 producer by 2012. For its solar cells, LG Display aims to achieve an energy conversion efficiency of 14 percent by 2012, and plans this year to build a pilot line for production of fifth-generation solar cells.
By Jin Hyun-joo ([email protected])
LG Display 19-inch OLED prototype
LG Display is aiming to catch up with market leader Samsung Electronics in flat-screen panel production with aggressive investment plans.
Kwon Young-soo, chief executive of LG Display, yesterday announced a plan to invest 727 billion won to build a new LCD plant in Paju, Gyeonggi Province. An additional 250 billion won will be spent on producing organic light-emitting diodes.
The announcement came as LG Display reported its first-quarter operating profit of 789.4 billion won, which well exceeded market expectations. LG Display expected supply and demand to be balanced in the second quarter, as sporting events such as World Cup are expected to boost demand for LCD TVs.
In 2009 and 2010, LG Display has announced a slew of investment plans to boost capacity, which are expected to catapult LG ahead of Samsung in terms of production capacity in the first half of next year.
This year alone, LG eyes investment of more than 5.5 trillion won, from 4 trillion won last year.
With this years investment, there is a possibility that we would be able to raise our market share, Kwon said at an investor meeting yesterday.
LGs new LCD factory, P9, whose construction is due to be completed in the fourth quarter of 2011, aims at responding to changes to the LCD TV market quickly and flexibly, LG said.
We are weighing whether to construct an eighth-generation line or an 11th-generation line at P9. An 8th-generation line is most likely to be built, a spokesperson for LG Display told The Korea Herald.
But Samsung isnt expected to give up its market position without a fight. Analysts raised concerns that the move by LG Display could ignite Samsung to follow suit, which would result in oversupply in the sector.
With OLED investments, LG also seeks to take on Samsung Mobile Display, the market leader(90% in the world market). OLEDs are promising as they are thinner than LCDs, have better picture quality and consume less power.
LG plans to expand its monthly OLED output capacity to 12,000 glass sheets in the latter half of 2011, from the current 4,000. It plans to mass produce OLEDs in the third quarter this year. 　
We will expand our business portfolios by accelerating our efforts to nurture new businesses such as AMOLED, flexible displays, he said.
LG Display plans to produce OLEDs for smartphones and other mobile devices this year, and OLEDs for 30-inch TVs in the second half of 2011.
LG Display also plans to invest in other future growth areas such as e-papers and solar cells.
The move is seen to address persisting concerns about the companys heavy reliance on the highly-volatile LCD business, which has weighed down its shares.
In the e-paper display field, LG Display seeks to become the worlds No. 1 producer by 2012. For its solar cells, LG Display aims to achieve an energy conversion efficiency of 14 percent by 2012, and plans this year to build a pilot line for production of fifth-generation solar cells.
By Jin Hyun-joo ([email protected])
LG Display 19-inch OLED prototype
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