Sunday, May 28, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google to Retire the AlphaGo AI Program
Apple is Building AI Chip for iPhone
Chip Industry "Threatened" by Chinese Players
AMD Ryzen AGESA 1.0.0.6 Firmware to Enable Speedy Memory Clocks
Nvidia Introduces the GeForce MX150 For Laptops
Intel Dominates the Enterprise SSD Market
NVIDIA Introduces New GeForce GTX Battlebox
TSMC is Already Testing 7nm Chips, Coming Next Year
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 > 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
SD Association Adds Higher App Performance Class And Low Voltage Signaling
LG Display Is Setting Up First Production Lines for 10th Generation OLEDs
LG Display Reports Stellar Q4 Earnings And Profit
LG Display To Supply OLED Panels To Sony
LG To Unveil New Nano LCD TVs At CES 2017
LG Display To Develop Foldable OLEDs For Apple, Google
Samsung May Outsource LCD Panels From Rival LG
Panasonic Develops IPS Liquid Crystal Panel with Contrast Ratio Of Over 1,000,000:1
After Samsung, LG Is Also Developing Foldable Displays And Smartphones
U.S. To Develop Safety Guidelines For Self-driving Cars
Ford Tripling Autonomous Vehicle Development Fleet
Ford And Google In Talks To Build Self-driving Cars: report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .