LG's New 55+ inch OLED Plant in China Opens: Over 1m+ per Year
by Anton Shilov on August 31, 2019 11:00 AM EST- Posted in
- Monitors
- Displays
- LG
- OLED
- LG Display
LG Display this month started production at its 8.5th Generation OLED manufacturing facility in Guangzhou, China. When fully ramped, total capacity of the factory will be 90,000 substrates per month. The plant will produce 55, 65, and 77-inch high-resolution panels for televisions. In fact, LG’s goal is to make 10 million large size OLED panels per year by 2022, which means to more than double its current output.
The new 8.5G OLED panel plant is a nine-level building above the ground that occupies a 74,000 m² piece of land and provides 427,000 m² of floor space. Initial capacity of the manufacturing facility will be 60,000 2200×2500 mm substrates per month, which will be expanded to 90,000 sheets per month by 2021. The factory will be operated by LG Display High-Tech China, a joint venture between LG Display and Guangzhou Development District, in which the former holds a 70% stake (with ~$2,150 billion in capital).
Facing cut-throat competition from various makers of liquid crystal displays, LG Display recently set a strategic goal to significantly expand production of large OLED panels in a bid to serve more lucrative and growing market segments. LGD says that it sold 2.9 million huge OLED panels in 2018 and expects to sell 3.8 million large panels this year, which will turn this business to profitability. Citing market researchers, the manufacturer says that demand for OLED TVs and panels is growing and to that end, it makes a great sense to invest in OLED plants.
Right now, LG makes 70,000 8.5G OLED substrates at its plant near Paju, South Korea. The company is building a 10.5th Generation OLED plant near Paju that will produce 45,000 of 2940×3370 mm substrates per month when it is ready in 2022. Combined, LGD will manufacture 160,000 8.5G OLED substrates and 45,000 10.5G OLED sheets a month in 2022. The company hopes that its expanded manufacturing capacity will enable it to make 10 million of large OLED panels per year by 2022.
Related Reading:
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Source: LG Display
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Morawka - Sunday, September 1, 2019 - link
And after a few years, China will dissolve the foreign companies 50% share and use their own technology (that was transferred) against them to compete in the global market.s.yu - Sunday, September 1, 2019 - link
Well put.s.yu - Sunday, September 1, 2019 - link
China's market is in many metrics world's largest, that's why they could pull off this extortion, it depends on how many people (there's certainly no shortage) believe the short term profits are worth it or that they could somehow outsmart the CCP, they can't.Lolimaster - Sunday, September 1, 2019 - link
Considering how pathetically expensive is microLED right now, specially for <100" sizes, LG will have like 5-10 years of milking.FXi - Monday, September 2, 2019 - link
Hoping they build a 40-44" size so we can put those OLED products into more spaces in our homes.SWong6 - Tuesday, September 3, 2019 - link
Either I'm the unluckiest consumer out here or I've had unbelievable misfortune with any of the LG flat panel displays and television sets. I've had a total of three (3) LG displays and none of them have lasted over 2+ years. As a result I've given up considering LG as a reliable flat panel display provider and instead gone with Samsung. At the end of the day when you cough up huge dollars you want reliability over the "latest and greatest" bells and whistles. Currently my oldest Samsung monitor is a 10+ year old 19-inch monitor which refuses to die or malfunction. Yes, LG displays are enticing however reliability is more important to me and counts heavily in my decisions to purchaseBurntMyBacon - Tuesday, September 3, 2019 - link
I think most companies have a run of bad panels (some worse than others). I haven't seen many LG TV sized LCD displays in person, but so far their OLED lineup has been surprisingly reliable in my limited experience of about a dozen sets including one of my own. I've probably seen a number of LG LCD panels in other manufactures' diplays, but I couldn't say for sure. On the other hand, I've had pretty bad luck with Samsung LCD TV sized panels. I've seen a couple dozen over the past five years with the same issue of panel splitting. This is where the LCD panel starts delaminating and you get top to bottom vertical lines of dead or stuck pixels. It's hard for me to even buy a TV anymore with all the failures I've seen from reputable manufacturers, so I hope my OLED keeps performing for me. Otherwise, I'll have to stick with my old Panasonic Plasma for a while (works well, but has a bit of glare in the sunlit environment that the OLED sits in). Of course I've seen many computer sized displays of varying quality based on LG IPS and Samsung PLS or VA type panels that were plenty reliable (some with over a decade of use).lilkwarrior - Wednesday, September 4, 2019 - link
I really hope this means more 55inch gaming monitors that correct the wrongs of Alienware's original attempt at one. Hopefully LG themselves release a 55inch OLED gaming monitor w/ TrueBlack 500 HDR, G-Sync, HDMI 2.1, USB4, & even perhaps Displayport 2.0.With many gaming monitor companies needing to do that as a no-brainer, everybody wins (including skeptics of OLED, the prices of LCD gaming displays using MiniLED/QLED have to go down to not be DOA'd)
Zeno Ng - Saturday, February 8, 2020 - link
May I know this factory also build LG washer and fridge ?