LG OLED plant nears completion

Company's factory in Guangzhou will be able to produce 60,000 panels per month

A production plant of South Korea's LG Display Co Ltd, one of the world's biggest manufacturers of digital display products, will be completed on Aug 29 in Guangzhou, capital of Guangdong province. The plant will be able to manufacture 60,000 OLED (organic light emitting diode) panels per month.

The South Korean display maker said the panels will be used for large-sized OLED televisions. The company will manufacture a total of 130,000 OLED panels, which is nearly double the current 70,000 panels per month churned out at its Gen 8.5 OLED production facility in Paju, South Korea, once the plant in Guangzhou starts mass production.