Subscribe to our free daily newsletters
  Space Industry and Business News  

Subscribe to our free daily newsletters

LG Display to invest 2.6 billion dollars for flat screens

by Staff Writers
Seoul (AFP) July 15, 2009
South Korea's LG Display Co., one of the world's top LCD panel makers, said Wednesday it would invest 3.27 trillion won (2.6 billion dollars) to meet the growing demand for flat-screen televisions.

The company on Wednesday held a board meeting and approved a plan to expand its LCD display production lines at its plant in Paju, 25 kilometres (16 miles) north of Seoul, it said.

"The company has been experiencing a shortage of 20-30 percent" in its supply to meet swelling demand, the company said in a statement.

It plans to start production at the new facility in the second half of 2010, the statement said.

LG Display and local rival Samsung Electronics lead the global flat panel screen market.

Share This Article With Planet Earth DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook

Related Links
Space Technology News - Applications and Research

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Rivals bid to trump iPhone at Asia's biggest telecom fair
Singapore (AFP) June 15, 2009
Mobile phone manufacturers will show off their most advanced models at Asia's biggest telecommunication fair this week, hoping to prove they can rival or even better the phenomenal Apple iPhone. CommunicAsia 2009 opens in Singapore Tuesday, a week after the US technology titan unveiled a new version called the iPhone S featuring a video camera as well as faster connection speed. Analysts ... read more

The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement