LG Display once again postponed the construction of Guangzhou 8.5 generation panel project
[High-tech LED News] LG Display, a liquid crystal panel company of South Korea's LG Group, announced that it has postponed the construction of the 8.5-generation panel project in Guangzhou.
LG Display CEO Yuan Yingshou explained that the delay in construction was mainly due to the difference between TV display sales and the company's previous forecast. The price of LCD panels has been falling for more than 10 months, and the price of LCD panels is hard to recover in the second half of this year. The industry outlook is more pessimistic.
In fact, the LG Display 8.5 generation panel project has already signed in Guangzhou in 2009. According to the plan, the project will start in March this year, but due to various reasons, the construction date was postponed until August 30, but on August 29, the LGD side canceled the groundbreaking ceremony.
However, the LGD announced that it will postpone the Guangzhou 8.5-generation line, but said it plans to invest 2.83 billion US dollars in mass production of next-generation panel OLEDs in response to competition from Samsung.
LG Display CEO Yuan Yingshou explained that the delay in construction was mainly due to the difference between TV display sales and the company's previous forecast. The price of LCD panels has been falling for more than 10 months, and the price of LCD panels is hard to recover in the second half of this year. The industry outlook is more pessimistic.
In fact, the LG Display 8.5 generation panel project has already signed in Guangzhou in 2009. According to the plan, the project will start in March this year, but due to various reasons, the construction date was postponed until August 30, but on August 29, the LGD side canceled the groundbreaking ceremony.
However, the LGD announced that it will postpone the Guangzhou 8.5-generation line, but said it plans to invest 2.83 billion US dollars in mass production of next-generation panel OLEDs in response to competition from Samsung.
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