The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

LG Display says to invest in new OLED lighting panel plant

Published Thu, Mar 17, 2016 · 01:42 AM
Share this article.

[SEOUL] Consumer electronics screen maker LG Display Co Ltd said on Thursday it will build a new production plant that will manufacture organic light-emitting diode panels for its lighting business in South Korea.

LG Display said in a statement the new plant will begin mass production in the first half of 2017. It did not disclose how much it plans to invest in the facility.

The investment comes as the firm seeks to find more applications for the next-generation panel technology beyond televisions and mobile devices.

Market researcher UBI Research says the OLED light market will grow to US$1.6 billion in 2020 from US$135 million this year.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here