LG Display to spend $1.75 bln on OLED display facility

SEOUL, July 27 (Yonhap) -- LG Display Co. on Wednesday said it will spend 1.99 trillion won (US$1.75 billion) to build a new production line for small to medium-sized organic light-emitting diodes (OLED) used for smartphones and smartwatches.

The new production line in South Korea will have a capacity of 15,000 sheets of the new OLED per month, LG Display said in a statement.

LG Display said it will complete building the new facility by 2018, which will allow the company to produce a total of 30,000 sixth-generation OLED panels, the company said.

The sixth-generation OLED panels are flexible and widely used in high-end smartphones and smartwatches.

Apple Inc. is a main customer of LG Display.

kdh@yna.co.kr
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