“China is the strategic market for us to grow with. I hope LG could put forth its utmost efforts to come up with products responding to the needs of Chinese customers.”
“LG plans to focus on the strategy to target the Chinese domestic market.”
Koo Bon-moo, chairman of LG Group
Koo Bon-moo, chairman of LG Group
SEOUL, Sep. 3 (Korea Bizwire) – LG buckles down to targeting the Chinese market. Koo Bon-moo, chairman of LG Group, attended a ribbon-cutting ceremony of LG Display China, a plant to manufacture 8.5-generation ultra-HD and full-HD panels in Guangzhou in Guangdong Province. He stressed the importance of local sales in China.
LG Display partnered with the Guangzhou Economic & Technological Development District and Skyworth, one of the biggest television manufacturers in China to invest a total of $4 billion in establishing the plant at the investment ratio of 7:2:1.
As of now, the plant manufactures 60,000 sheets of LCD panel a month. The output volume is scheduled to be increased to 120,000 sheets a month by the end of 2016.
By Veronica Huh (veronicah@koreabizwire.com)
