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LG Philips LCD to Invest $2.9bn in Flat-Screen Production.(liquid crystal display)(Brief Article)
LG Philips LCD Co Ltd, a 50/50 joint venture between LG Electronics and Royal Philips Electronics NV, plans to invest KRW 3.4 trillion ($2.87bn) to increase production of flat-screen displays.
The investment is part of a 10-year KRW 25 trillion ($21.11bn) spending plan on a giant LCD manufacturing plant currently under development in South Korea. The plant is being built to capitalize on the growing demand for flat screens on wide-screen televisions.
Meanwhile, South Korean rival, Samsung Electronics Co Ltd, has also pledged to spend KRW 20 trillion ($16.89bn) on new production lines over the next decade.
Some analysts are concerned about a potential decline in LCD prices following the glut of investment in the sector. Yet the display manufacturers are ...
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Source: HighBeam Research, LG Philips LCD to Invest $2.9bn in Flat-Screen Production.(liquid...