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LG Display to step up OLED panel production in China

LG Display Co. will soon begin mass-producing OLED panels at its factory in Guangzhou, China, after a one-year delay caused by the coronavirus outbreak.

It is currently producing 8.5 OLED panels on a small scale in the Guangzhou factory.

South Korea's major display panel maker completed the factory's construction in August 2019, but the pandemic delayed mass-production.

LG Display needs to increase panel production to meet the demand for OLED panel TVs.

Jeong Ho-young, CEO of LG Display, may visit the Guangzhou factory on Wednesday.

LG Display is currently producing 70,000 OLED panels per month at a factory in Paju, north of Seoul.

The Guangzhou factory could produce 60,000 OLED panels per month, which may increase to 90,000 panels after 2021..

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