Capable of Processing 60,000 Glass Sheets per Month
LG Display's OLED panel plant in Guangzhou, China, is going to start mass-production soon.
The company's top management, including president Jung Ho-young, will visit the OLED panel factory on July 22 to hold an internal event to commemorate the factory’s full-fledged mass-production. LG Display is currently producing 8.5th-generation (2,200 mm x 2,500 mm) OLED panels in Guangzhou, China. The factory is currently producing a small quantity and is scaling up the production volume to meet orders.
The Guangzhou plant was originally scheduled to be completed at the end of August 2019 and begin to roll out OLED panels within the first half of 2020. But the schedule has been delayed due to the spread of the COVID-19 pandemic. Demand should rise to start mass-production, but it decreased due to the closure of major TV stores in the United States and Europe in the wake of the novel coronavirus outbreak.
However, demand for panels is on the rise as more manufacturers are releasing OLED TV models recently. In 2020 alone, Xiaomi, Vizio and Sharp will start to release OLED TVs, elevating the number of TV companies producing OLED TVs to 19.
LG Display is currently producing OLED panels only at its plant in Paju, Gyeonggi Province. The new Guangzhou plant is capable of processing up to 60,000 glass substrates per month. LG Display is planning to increase this plant’s production capacity to 90,000 glass sheets after 2021, boosting its total monthly production capacity to 160,000 sheets, including the Paju factory’s production capacity of 70,000 sheets per month.