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LG increasing monthly capacity at LCD facilities

  • Author:Nora
  • Release on:2016-01-23

LG Display will increase monthly capacity at its Guangzhou-based LCD production facilities from 90,000 substrates to 120,000 by the end of 2016.

According to Korea-based ETnews, the company had reportedly already signed off on agreements before over supply for LCD panels became a major issue in the industry.

Market analysts estimate there was a 10% difference in supply and demand throghout 2015 due to over supply and that percentage is expected to rise to 12-13% in 2016 as China makers rapidly increase production.

China makers are expected to hold a 35% share in global TFT LCD capacity by 2018, according to market estimations.