By BizLED Bureau
Dec 1, 2015: LG Display, a leading display panel provider, plans to invest $1.6 billion in the deployment of a new OLED manufacturing plant in Paju city, Gyeonggi Province, South Korea. The facility, called ?P10?, will produce large and flexible OLED and transparent display panels.
LG Display plans to start building its P10 facility this year and expects to start operations in the first half of 2018. The size of this new plant will be 1.5 times larger than the P9 factory. The P10 facility will produce ninth-generation or higher extra-large OLED panels and flexible OLED products. It will use its white OLED technology WRGB that enables production of larger OLED panels to produce various OLED products for mobile devices and larger products.
The plant is expected to create 350,000 jobs. The government support to LG Display for this plant includes securing industrial electricity, water supply and waste water disposal facilities. A task force will be formed, comprising the government, Korea Electric Power Corporation and Korea Hydro & Nuclear Power, to support this new facility P10.