LG Display (LGD) held an opening ceremony earlier this week for its first overseas LCD panel fabrication plant in Guangzhou, China, expanding its presence by adding to its existing module assembly plant in the city.
LGD plans to mass produce 40″ and above LCD TV panels at the new 8.5G plant, which will be operated by LG Display China, a joint venture between LG Display, the Guangzhou Development District (GDD), and Skyworth. LGD contributed 70% of the $4 billion investment in the plant, while GDD and Skyworth contributed 20% and 10% respectively.
The new facility will mainly focus on producing 42″, 49″ and 55″ Ultra HD and Full HD panels, aiming to advance its leadership in the Chinese premium TV market. Initial capacity will be 60,000 sheets per month, rising to 120,000 sheets per month by the end of 2016 when the plant reaches full capacity. LGD said that The Guangzhou panel plant also has achieved a landmark by being recognised by the Chinese government as the country’s first ‘Green Plant’ after it passed a stringent certification process as part of the “Green China Policy”.