LG Display invests $8.7bn in OLED plant
The Korean-based electronics corporation LG Display Co. has announced a major investment in its P10 production line. The new construction of a display production plant costs approximately $8.7bn and includes capacities for the development of new, more efficient displays.
The new display technology from LG is expected to enable even thinner devices, prolong the lifetime of device batteries and provide brighter colours. The P10-Factory will open in the first half of 2018. It will be 1.5 times bigger than the current P9-Factory and boast a construction height of 100m.
Within the new complex, LG Display plans to produce mostly extra-large OLED panels, but also flexible OLED products including transparent displays. The mega-factory is expected to create up to 350 000 new workplaces, including suppliers and surrounding businesses.