LG Display Set to Mass Produce Plastic OLED Panels in 2017

LG Display announced it will initiate mass production of plastic OLED (POLED) panels in the first half of 2017, reported Korea Times.

The OLED display uses plastic as a substrate, adding flexibility and making the displays both rollable and foldable, stated LG Display.

According to the Korean media report, LG Display has acquired a POLED manufacturing equipment for its E5 production line in Gumi, North Gyeongsang Province in Korea, which is in-line with its investment drive to be the first company to mass produce next-generation display panels.

LG Display invested in total 18 trillion won ($15.44 billion) in the Gumi facility since 1995.

"The latest move will allow the Gumi plant to become a key venue to manufacture small- and medium-sized POLED displays,"
said LG Display Chief Production Officer (CPO) Jeong Cheol-dong.

LG Display will start a pilot test for the new equipment in 2016 before it starts supplying POLED displays to clients by the first half of 2017, the company said.

The new equipment will be installed in the firm’s E5 production line where LG Display has invested 1.5 trillion won in July 2015 to meet growing demand for flexible displays for smartphones and automobile applications.

Substantial tax incentives have been offered by the Gumi City to LG for its bid to revitalize the regional economy.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.