LG Display starts building next-gen LCD plant in China

LG Display said yesterday it has broken ground on a next-generation LCD plant in southeast China.

The Guangzhou facility will produce 8th-generation LCDs, allowing the company to meet rising Chinese demand for upper-end display panels, LG Display said.

Commercial operations are expected to start in the second half of 2014.

The LG unit owns 70 percent of the company, with Skyworth Digital Holdings and Guangzhou Development District holding respective stakes of 10 percent and 20 percent.

Korean parts manufacturers will also build factories in the Chinese city to potentially create an industrial cluster for displays there, which could raise overall efficiency, the company said.

LG Display, which already has two plants in China and one each in Mexico and Poland, said the new factory in Guangzhou will enable it to better supply panels to Chinese customers in a timely manner, while also helping it create a global manufacturing network.

Yonhap