December 2, 2004 – LG.Philips LCD Co., a joint venture of LG Electronics of South Korea and Philips Electronics of the Netherlands, said Wednesday it plans to build a 5.3-trillion-won (US$5.06 billion) facility for producing a larger type of flat screen, said Asia Pulse Pte Ltd.
The company started to construct the so-called seventh-generation flat screen plant in Paju, northwest of Seoul, in March of this year, and the facility will start to produce TFT-LCDs, or thin film transistor-liquid crystal displays, typically used for computers and televisions, from the first quarter of 2006, the company said in a statement.
LG.Philips LCD said the Paju plant will be able to process 45,000 sheets of glass measuring 1.95 meters by 2.25 meters a month in the first stage, and the production capacity may increase to 90,000 sheets.
One sheet of glass can be used for either eight 42-inch screens or six 47-inch screens.
In October, LG.Philips LCD started to mass-produce the so-called sixth-generation LCDs, based on glass sheets measuring 1.5 meters by 1.85 meters, which are used for 32-inch and 37-inch screens.