LG Display To Build World’s First 5th-Gen OLED Light-Panel Plant

LG Display will build the world’s first fifth-generation OLED light-panel manufacturing facility in Gumi, South Korea, with a starting capacity of 15,000 glass substrates per month, the company said in a Friday announcement. LG Display expects the increased production from the new facility will promote economies of scale for better price competitiveness, it said. Output from the plant will go toward decorative lighting in high-end retail stores and in luxury hotels, with expansion to the general lighting market to follow later, it said. LG Display also will focus on automotive and “convergence applications,” such as OLED light panels “merged with furniture, architectural materials, electronic devices and more,” it said.