Earlier this week
LG Electronics announced their financial results for Q4 2015, and the company stated it saw improved OLED TV sales in the quarter. During the company's English conference call, Hee Yeon Kim, LGD's Head of IR Division, said that LGD shipped around 400,000 OLED TV panels in 2015, out of which 50% were sold in Q4. In 2016 the company aims to ship 1 million panels - 40% of which will by 65% in size.
LGD's current OLED TV production capacity is 35,000 Gen-8 substrates. This means that the new line will almost double the company's capacity. And of course LGD also plans more OLED production expansion - in August 2015 it announced plans to
invest around $8.5 billion in OLED capacity in the next three years as the company shifts its focus to OLED displays. Later in November
LGD announced that it will build a new OLED display plant in Paju, Korea. The P10 fab will mainly make large-size
OLED TV panels and
flexible OLED panels. The total investment in the P10 plant is estimated at KRW10 trillion ($8.7 billion USD).
