CONSUMER electronics screen maker LG Display Co Ltd said on Thursday it will build a new production plant that will manufacture organic light-emitting diode panels for its lighting business in South Korea.
Reuters reported that LG Display said in a statement the new plant will begin mass production in the first half of 2017. It did not disclose how much it plans to invest in the facility.
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The investment comes as the firm seeks to find more applications for the next-generation panel technology beyond televisions and mobile devices. Market researcher UBI Research says the OLED light market will grow to $1.6 billion in 2020 from $135 million this year.
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