LG Display to invest $8.7 billion in new OLED plant

Image
Reuters SEOUL
Last Updated : Nov 27 2015 | 5:07 AM IST

SEOUL (Reuters) - 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 ($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.

(Reporting by Tony Munroe)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 27 2015 | 4:58 AM IST

Next Story