LG Display to invest US$8.7b in new OLED plant

South Korea's LG Display said it will build a new plant to make panels using organic light-emitting diode (OLED) technology, with total investment expected to exceed 10 trillion won (US$8.71 billion). 

PHOTO: REUTERS

NOV 27, 20157:35 AM

[SEOUL] South Korea's LG Display said it will build a new plant to make panels using organic light-emitting diode (OLED) technology, with total investment expected to exceed 10 trillion won (US$8.71 billion).

The company said it will spend an initial 1.84 trillion won to begin building the plant in Paju, South Korea, which will make both large-size OLED TV panels and flexible OLED panels for smartwatches and auto displays, with production expected to begin in the first half of 2018.

REUTERS