LG almost doubles its OLED panel productions thanks to its new Guangzhou plant

LG almost doubles its OLED panel productions thanks to its new Guangzhou plant  

LG has now opened its new Guangzhou manufacturing plant, where the company has started producing OLED display panels. This new plant has the ability to create 60,000 substrates per month, almost doubling LG’s OLED manufacturing capacity. 

Thanks to this new manufacturing plant, LG can now produce 130,000 substrates per month, allowing LG to ship more OLED TVs and meet the high demands of today’s markets. In the future, LG also has plans to increase its Guangzhou manufacturing capacity to 90,000 substrates per month, increasing its OLED production rates further. 

LG hopes that the new technology within its Guangzhou plant will allow the company to decrease the cost of OLED manufacturing, a move which may eventually decrease the cost of OLED TVs. LG’s Guangzhou plant will be used to create 48-inch, 55-inch, 65-inch, and 77-inch OLED panels. This means that 48-inch OLED TVs should soon hit the consumer market. 

Large-screen OLED screens have been a huge source of growth for LG in recent years, and the opening of the company’s Guangzhou plant will only serve to strengthen LG’s position within the market. With this almost doubling of its manufacturing capabilities, LG is more than ready for any growth in large-screen OLED demand.