Lgdisplay8.5 Production Line Was Formally Signed On Behalf Of The Guangzhou-lgdisplay, 8.5

LG Display with the Guangzhou Economic and Technological Development Zone on November 3 signed in Seoul, Korea built in Guangzhou

8.5 on behalf of the line

The investment agreement, LGDisplay's most advanced 8.5-generation line settled in the domestic, single cost of more than 40 billion dollars. Widely believed that the signing of the agreement will effectively alleviate the shortage of China's LCD panel the status of the upstream industry, and strengthen domestic

LCD panel Industry in the global market voice.

Highly sophisticated 8.5 generation LCD production line settled in Guangzhou

Guangdong Party Secretary Wang Yang, Deputy Governor Wan Qingliang, Chinese ambassador to South Korea Cheng Yonghua, Zhu Xiaodan, secretary of the Guangzhou Municipal Committee, director of the Guangzhou Economic and Technological Development Zone, Xiao-Feng Xue, and LGDisplay such as global co-CEO Kwon Young-soo in Seoul attended a signing ceremony held. Director of the Guangzhou Economic and Technological Development Zone, Xiao-Feng Xue behalf of the Guangzhou Municipal Government, officially signed with the LGDisplay Guangzhou 8.5 generation LCD line of investment agreements.

"Economic Information Daily" is understood that the substrate size is 2200 2500mm 8.5 generation production line investment will reach 4 billion U.S. dollars, is the world's panel makers in the country's largest single investment. The first half of 2012 After the completion, mainly for 47-inch, 55 inch large-size

LCD TV Panel supply, production capacity will reach 120,000 per month. The new registration LGDisplay (China) joint-stock companies, LGDisplay hold 70% stake in Guangzhou and in investing in the Chinese TV manufacturers together accounting for 30% of the shares. It is said that LGDisplay8.5 on behalf of the line represented by a new round of large-size panel line was built in 2011-2012, the domestic downstream

Home Appliances Firms long-term "shortage of screen" embarrassing situation will be effectively alleviated, while mainland China is expected with Taiwan, Japan and South Korea together to form a new four-legged horse race industry structure.

Chinese market innovation performance China Electronic Video Industry Association, statistical analysis, 2009, the first three quarters, China's color TV industry in the LCD TV production 49.32 million units, compared to 2008 increased by 66.9% year on year. Correspondingly, the, LGDisplay latest third-quarter financial report showed that third-quarter 2009 total revenue of 60 billion U.S. dollars, growth of 22%, up 55%, compared to other panel makers not only eye-catching performance, has also refreshed its best performance over the same period of history. The industry believes that, LGDisplay continued favorable market performance in recent years, China has actively promoted its localization strategy, to build markets in the region is directly related to the rapid reaction force.

LGDisplay has been pursuing the China market "strategic production base" and "strategic consumer market" double positioning, not only can reduce the production and transportation costs, but also directly to consumers, deliver quality unique interests of IPS hardware screen. 2003 and 2007, LGDisplay in Nanjing and Guangzhou has built and operates the LCD assembly plant after the project (module factory). In recent years, LGDisplay has always conducted to the industry partners and consumers hard-IPS screen technology unique quality advantage.

2008 , LGDisplay bring the major domestic brand of LCD Skyworth, Haier,

Hisense , Changhong, and Konka, officially formed the "hard-screen (IPS) technology," camp, then launched a series of stores for the terminal including the "buy LCD, touch the" character promotions, not only directly reminder rise higher order panel demand even more so in the end IPS screen hard to reap the consuming market for high recognition.

Direct investment in the construction of the LGDisplay

currently the most advanced production line, in addition to promoting the consideration of existing development strategies, but also high hopes that the new round of investment boom generation panel production line occupies a position of leader.

Industry, the local economy will benefit from multi-

Data is expected that by 2012, China's LCD TV market, from the current 25 million units to 40.8 million units, an increase of more than 60%, and over North America and Western Europe market size, among the world's largest LCD TV consumer market.

by: gaga

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