LG Display decided to produce LCD panels in its 10.5G plant (P10) which it is now building in Paju in the northwest of Gyeonggi Province for completion by the latter half of next year. The P10 will launch LCD panel mass-production from late 2018.
LG Display originally reviewed the idea of producing OLED panels there but changed its mind towards LCD panel production based on judgment that the size of the OLED TV market would not expand as fast as expected before.
Sources close to the situation said on May 21, "LG Display selected 75-inch LCD TV panels as initial products for the soon-to-be-established plant. To secure the supply of glass substrates needed for the production of 10.5G LCD panels, LG Display recently started negotiations with related companies such as NEG and PEG."
LG Display also revised the 10.5G panel monthly output target upward from 30,000 sheets to 45,000. The company is looking into the feasibility of launching the date of mass-production two or three months earlier than scheduled.
The move is part of its effort to cope with BOE's 10.5G plant which is scheduled to begin a monthly mass-production of 150,000 sheets from early next year.