LGD to Invest $906 Million in G6 OLED Fab

LG Display (LGD) is to invest KRW1 trillion ($906 million) in a 6G flexible OLED production line at its Gumi Plant in Gyeongbuk Province, Korea.

The new line will produce 7,500 input sheets per month using a 6G size substrate sheet of 1,500mm x 1,850mm, with mass production scheduled to begin in the first half of 2017. The company said the investment will help the company to pioneer future display technologies, such as foldable displays and large-size automotive displays.

LGD has also signed a Memorandum of Understanding on OLED investment and administrative support with the Gyeongbuk Province and Gumi City governments, which have promised to provide administrative service support from the local authorities. The company’s investment in its Gumi facilities has reached approximately KRW14 trillion ($12 billion) since LGD started mass production at its first plant in 1995, including an investment of KRW3.7 trillion ($3.2 billion) for the integration of the IT and mobile display facilities over three years starting from 2008 and KRW2 trillion ($1.7 billion) for enhancing technology for small-medium size displays from 2012.