Korea's LG Display announced on April 22 that it
plans to make a total investment of 5.5 trillion Won (US$4.96 billion; US$1=1108.6
Won) this year, the Korea Herald reported. 727 billion Won (US$655.8 million)
will be spent on building a new LCD (Liquid Crystal Display) plant, codenamed
P9, in Paju, Gyeonggi Province. LG Display is still mulling whether to build an
8G or 11G line at P9. Construction is slated for completion in the fourth quarter
of 2011.
At the same time, LG Display plans to invest 250
billion Won (US$225.5 million) in tripling its OLED (Organic Light-Emitting
Diode) output from 4,000 glass substrates at present to 12,000 in the second
half of 2011. LG's new OLED line is scheduled to move into mass production in
the third quarter of 2010, and the output will be mainly used in products such
as Smartphones, mobile phones, and 30-inch TVs.