Vertical Divider

LG Gets $1b Influx of Capital to Build OLED Capacity 
November 12, 2018
 
LG Display expects to bolster capacity in production for OLED panels through a $1 billion it has secured through loans and debt issues. The company will increase OLED output capacity from 10 percent of the total now to up to 40 percent next year to offset weakness in liquid crystal business. LG Display raised $300 million through green bonds overseas, where the proceeds are set mainly for eco-friendly projects. LG Display received a green certificate for compliance of OLED business with all ecological and energy saving standards. In September, LG Display signed a syndicated loan contract worth close to $700 million with four Korean banks. With a large amount of money raised for mid-and long-term capex, the company is expected to increase production capacity for large-sized OLED TV panels.  LG Display is producing 70,000 sheets/month at E3 and E4 lines in Paju, Gyeonggi (Generation 8.5 OLED fabs). A new plant in Guangzhou, China will add 60,000 sheets/month from the second half of next year, bringing its total production capacity to 130,000 sheets. A Generation 10.5 line being built in Paju will start OLED production in 2021.