LG Display to invest $2.8 bln in light-emitting diode facilities

Reuters2021-08-17

SEOUL, Aug 17 (Reuters) - LG Display Co Ltd said on Tuesday it plans to invest 3.3 trillion won ($2.8 billion) in small- to mid-sized organic light-emitting diode (OLED) panel production facilities.

The investment will take place starting this month until March 2024, the display panel maker said in a regulatory filing.

The investment will be in South Korea for sixth-generation OLED panels, and the facility is expected to begin operations in 2024, a spokesperson said, without elaborating.

Analysts said LG Display's strategy of efficient OLED production expansion by achieving economies of scale added to its better-than-expected operating profit in the second quarter to 701 billion won ($607 million).read more

($1 = 1,164.8800 won)

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Comments

SSVC
2021-08-17
SSVC
Yup Appreciate your response and comments Thanks
1Man2Stonks
2021-08-17
1Man2Stonks
Okay good
onlyYou
2021-08-17
onlyYou
ok
- 1Man2Stonks:
  nice
Megaverse
2021-08-17
Megaverse
✅ yes
- onlyYou:
  ok
Roticanai
2021-08-17
Roticanai
Like
Butt3rc00ki3
2021-08-17
Butt3rc00ki3
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