Solar business from Korea

LG Bets Display Future on Paju Cluster LG Display, the world’s second-largest flat-panel maker, runs two manufacturing factories in its liquid-crystal display (LCD) cluster in Paju, Gyeonggi Province, including an eighth-generation (8G) line, which was the result of a 9-trillion-won investment. / Korea Times By Kim Yoo-chul Staff Reporter PAJU, Gyeonggi Province - South Korean conglomerate LG Group relies on consumer electronics products and high-tech components as its bread and butter. And the group's liquid-crystal display (LCD) manufacturing cluster here is now emerging as the heart of its future business strategies. LG plans to invest around 8 trillion won (about $6.9 billion) through 2018 in its Paju complex, which is providing the manufacturing engine for affiliates LG Display, LG Chem and LG Innotek. LG Display, the world's second-largest flat-panel maker, is using its Paju factories to produce LCD panels for televisions, mobile phones and other devices. LG Chem, the cou...

LG Display, the world's second-largest flat-screen maker, inked a contract to build an eight-generation liquid crystal display (LCD) plant in Guangzhou, China, company officials said Tuesday. The company will invest $4 billion in its new manufacturing plant, which will begin operations in 2012 and eventually acquire an annual capacity of 120,000 LCD substrates. To establish the factory, LG Display agreed to establish a $1.3-billion joint venture with the city of Guangzhou. LG Display will own 70 percent of the new company, while Guangzhou city and a yet-to-be-determined Chinese television maker will share the remaining 30-percent stake. The company hopes that the upcoming LCD plant will put it in a better position to exploit the rapidly expanding Chinese television market. The market for LCD televisions in China will grow to 40.8 million units in 2012 from 25 million units this year, edging the size of the North American and European markets during the span, according to market res...