Updated Wednesday, November 4, 2009 11:06 am TWN, AFP

LG Display signs deal for plant in China

SEOUL -- South Korea's LG Display said Tuesday it has signed an agreement to help set up a four billion U.S. dollar plant to make liquid crystal display (LCD) panels in southeast China. The company, the world's second-largest flat panel maker, said production from the plant in Guangzhou would begin in 2012 to meet growing demand in one of the world's fast growing markets for flat-screen televisions. A joint venture will be set up, with LG owning 70 percent and the remainder held by Guangzhou and a Chinese LCD TV maker.

Market researcher DisplaySearch said China is expected to become the world's biggest LCD TV market, with projected sales of 25 million units in 2009 and 41 million in 2012.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email

Company Focus Breaking News

Updated Sunday, November 22, 2009 12:39 am TWN
▪	Hershey mulls US$17 bil. solo bid for Cadbury: source
▪	Barnes & Noble says Nook reader sold out
▪	Honda tops again in efficiency on U.S. roads
▪	Valero to close money-losing refinery
▪	GTSM launches online int'l bond trading

Most Read

▪	ROAD PROJECT BEGINS
▪	TES embraces renewable energy
▪	Strong Asia presence at Saint Laurent auction
▪	China says 42 dead, 66 trapped in mine explosion
▪	17 arrests in soccer match-fixing probe: police

Sponsors
▪	Get Car Hire Asia, Thailand, Middle East, Cyprus, Dubai, USA
▪	Business Directory