LG Display invests massively in flexible OLED display production line
LG Display, a major innovator of display technologies and part of the Korean LG Corporation, has announced that it will invest KRW1.99 trillion (about $1.75bn) in a new 6th generation (1500mm x 1850mm) flexible OLED display production line in Paju, South Korea, as part of its preemptive efforts to change and lead the approaching era of flexible OLED screens for mobile devices.
Dr Sang-Beom Han, CEO and vice chairman of LG Display, said: “A paradigm shift to OLED represents both a challenge and an opportunity for the display industry. LG Display is determined to become the leader in the fast-growing OLED market through timely investments to maximise efficiency.”
The new production line, E6, will be installed at its P9 plant in Paju with KRW500bn already invested to build supporting infrastructure. The E6 line is scheduled to start mass production in the second half of 2018 and will produce 15 000 input sheets per month. In addition to this new line, LG Display already has a 4.5th generation flexible OLED display production line (E2) in Paju, and is building another new 6th generation production line (E5) in Gumi which was announced in July 2015.
According to IHS DisplaySearch, a global market research firm, the flexible OLED market is expected to grow rapidly with shipments increasing from 59 million in 2016 to 416 million in 2020.