NEWSGD.COM
Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home> Business>EnterprisesAndProducts
LG Display to build plant in Guangzhou
Latest Updated at 2009-August-26 10:12:56
Related News
LG Chemical: Providing quality at a low cost
LG.Philips LCD plans projects in Guangdong
LG electronics appoints new head in China
EnterprisesAndProducts
Coca-Cola, Pepsi on disputed list
Sinopec, CPC ink Oz exploration deal
Amazon to buy online shoe retailer Zappos for over $800 mln
Canadian company makes investment in Xinjiang

The South Korean electronics giant LG Display plans to build an advanced liquid-crystal display factory in Guangzhou to capitalize on the China's fast-growing flat-screen television market, the company reported yesterday.

The world's second-largest liquid-crystal display (LCD) maker said in a statement that the company signed a preliminary agreement on Friday with the Guangzhou city government to build the new plant, which is expected to be the biggest in China.

The deal, which is still awaiting approval by the South Korean government and the board of Seoul-based LG Display, is estimated to cost as much as $4 billion, according to Maeil Business Newspaper.

LG Display did not disclose details about the new plant, except that it would be an eighth-generation facility capable of making large-size television panels.

That is three generations ahead of China's most advanced display manufacturing plant, which is owned by domestic LCD maker BOE Technology Group.

Global LCD television shipments increased 27 percent to 30 million in the second quarter, led by demand from China and North America, the research firm DisplaySearch reported last week.

The research firm estimated that the number of LCD TVs sold in China will likely jump 76 percent to 23.6 million this year.

The government's recent effort to offer subsidies to television buyers in rural areas is expected to further stimulate the market.

Analysts said the current financial crisis might encourage domestic electronics goods makers to reconsider their traditional way of importing expensive LCD displays from overseas providers.

In June, China's largest LCD panel maker, BOE Technology Group, raised $1.76 billion through share placement to expand its LCD production capacity.

The company is building a sixth-generation factory in Hefei in Anhui province. BOE also plans to build a new LCD production line in Beijing next year the company reported.

The world's largest LCD maker, Samsung Electronics, and Japan's largest LCD TV maker, Sharp Corp, also have expressed interest in building factories in China.

Editor: Olivia

By: Source: China Daily Website

16th Asian Games official "Mascots in Motion" unveiled

Air hostesses selection for 2010 Asian Games

Ancient Daling Village Resumes its Original State

Rail Transport Network to cover PRD

Pirates of the Caribbean 3 premieres in China
This site contains material from other media for content enrichment purpose only.
The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
   
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips