LG Display is reportedly increasing OLED TV panel production

LG Display, the supplier of all OLED panels to all TV brands, is expanding production by 50% at its China factory, according to a report by Korean newspaper The Elec.    

From July

LG Display's monthly output is currently 80,000 substrates in Paju, South Korea, and 60,000 substrates in Guangzhou, China. Each substrate can be cut into smaller OLED TV panels. The company supplies LG Electronics, Sony, Panasonic, Philips, Vizio, and many others. LG Display will soon increase production capacity by 50%, from 60,000 to 90,000 substrates (8.5 generation), at the China factory, according to Korean media. - "The factory at Guangzhou currently has two lines, each with 30,000 substrates per month capacity. LG will be adding 15,000 substrates per month in capacity to each line for a total of 90,000 substrates per month. The factory will run at the upgraded capacity starting in July," the report said.

LG Display is reportedly increasing OLED TV panel production

LG Display's OLED factory in Guangzhou, China. Photo: Company

LG Display has not commented on the timeline but has previously said that it could increase production "from the current capacity of 60,000 sheets depending on market demand". It would seem that market demand for OLED TVs is favorable. The China factory, which uses a MMG (multi-model glass) production, has enabled LG Display to start production of 48-inch and 83-inch OLED panels. It has also enabled the company to bring down production costs on 65-inch and 77-inch panels. In January 2021, LG Display announced that the first 42-inch OLED TV panels are coming later in 2021 and it is possible that the move is tied to the new expansion plans. Also read: 42" OLED TVs & 'next-generation OLED' coming in 2021, 20-30" OLED later LG Display is aiming to ship 7-8 million OLED TV panels in 2021, up from 4.5 million last year. The company is planning to review further expansion plans later this year. - Source: The Elec