LG Display squares up to Samsung with OEL panel output

LG Display is investing 250 billion won, or US $221 million, into a Seoul factory to expand on its output capacity of organic electroluminescent (OEL) panels.

The investment keeps LG en route for its target of 8,000 units per month by the end of the year. The OEL output line will accommodate 4.5 generation glass substrates, reports Nikkei (subscription). 

While LG’s electronics output may be suffering, LG Display  is still a huge player in the panels market only just behind Samsung. Together, Samsung and LG flog almost half of the world’s panels. Samsung is currently top dog in OELs but LG has other ideas. It wants to bring another manufacturing line to life around April next year, which should boost monthly capacity almost half to 12,000 units.  

It’s a far way off from Samsung’s 70 percent OEL market dominance. Samsung has been producing OELs for years now – developing a 0.25mm panel back in mid-2007, and has plans to increase pproduction output as much as ten-fold with a new factory.