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Lgdisplay Plans To Invest 1.3 Billion U.s. Dollars This Year, More Capacity by zyzy wang
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Lgdisplay Plans To Invest 1.3 Billion U.s. Dollars This Year, More Capacity by ZYZY WANG
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| Article Posted: 09/06/2010 |
| Article Views: 95 |
| Articles Written: 2301 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 581 |
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Lgdisplay Plans To Invest 1.3 Billion U.s. Dollars This Year, More Capacity |
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Business,Business News,Business Opportunities
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Beijing on March 13, according to foreign media reports, Flat Panel TV Screen manufacturers LG Display this year plans to invest 1.3 billion U.S. dollars in funds to increase capacity to meet customer demand, LGDisplay expected LCD TV PC sales to grow steadily.
Benefit from the Asian New Year holidays and major sporting events such as the upcoming soccer World Cup, an increasing demand for flat-panel televisions. But recently a growing number of industry sources, with the major manufacturers to actively increase production, LCD TV industry may be returned to the state of oversupply.
LG Display KwonYoung-soo, CEO of the company's annual shareholders meeting at the end said: "We are not worried about the situation of oversupply on the second half, the market will remain benign operation, because even though production will increase, but Panel Manufacturers are still barely meet LED Backlit LCD and large screen TV and other high-end products. "
LGDisplay that investment 1.5 trillion won (about 1.3 billion U.S. dollars) the new production line will start production next year, will mainly produce large-size TV screen panel.
Addition to the proposed line outside, LGDisplay have a new production line will be commissioned in the first half of this year, while it plans to invest 4 billion U.S. dollars in China plant, related to the program is waiting for the relevant departments for approval.
2012, this three new production lines will increase LG Display's monthly production capacity of about 30%.
Hanwha Securities (Hanwha Securities) analyst ImSung-bum said: "The current demand is still relatively strong, but LG's active investment program are likely to encourage competitors to follow to increase investment, as market demand uncertainty, is likely next year will be in excess supply situation. "
LGDisplay stock trading in Friday's stock market rose 2.3%, to close at 36,000 won per share, the day the Korean stock market index rose 0.4%. The stock has risen 40% this year around.
Said, according to market research firm iSuppli, the market demand for large size and advanced steering panel, this year's global flat-panel LCD TV Sell 40% of the amount will increase to reach 49 billion U.S. dollars. According to another market research firm DisplaySearch said, LG control of the global LCD TV panel market share of approximately 25%.
KwonYoung-soo said: "The current market demand is very strong, we can only meet 80% of customer needs, so we are seriously considering new capacity.
Despite reduced seasonal demand, but in the second quarter panel prices unlikely to fall, including television and IT Including some of the products in short supply and prices may also rise because of. "
He expects the Chinese government this month approved two new foreign-funded enterprises in China advanced LCD plant projects. LCD makers generally believe that China will surpass Europe and the United States in 2011 to become the world's largest LCD TV consumer, so they are planning to invest and build factories in China.
Expanding Chinese market and investment in the plant side, LG face major competitors, including national firms Samsung Electronics, Taiwan's second largest LCD maker Chi Mei Optoelectronics, and Sharp.
Learned, LG Display's shareholders have approved the investment in plant plan. I am China Crafts Suppliers writer, reports some information about silent dog whistles , animal exercise pen.
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