LG Takes the No.1 Position in Plasma Panels
LG Electronics (LG), a leader in consumer electronics and mobile communications, took the position of the world's largest maker in plasma panels in the 1st quarter by units, by producing 730,000 panels.LG Electronics (LG), a leader in consumer electronics and mobile communications, took the position of the world's largest maker in plasma panels in the 1st quarter by units, by producing 730,000 panels.
Mr. Sang-Han Yoon, President and CEO of LG Electronics Digital Display Company, said: "LG will lead the market for 40-inch or larger flat-panel TVs by maintaining its strong competitiveness on cost and technology. We will keep our spot as the number one plasma panel maker this year and become the largest plasma TV maker in 2007."
"LG reviews the 1st quarter as an important turning point for taking the top position due to the yield stabilization of its A3-1 Line, which began operation last September and reached the 'gold yield' point in late 2006." Mr. Yoon said. The company's current monthly output capacity for plasma panels is 310,000 units, the industry's highest.
Beginning in the 3rd quarter of this year, it is expected that the company's overall monthly capacity will increase up to 550,000 units. LG will adopt eight-panel processing technology for its A3-1 Line, which will enable the line to produce 370,000 units monthly. In addition, the company's new A3-2 line, which will put into operation and yield 180,000 panels monthly.
The A3 Line is a complex consisting of three individual lines and one base. The company has been investing in the lines one-by-one and plans to complete the whole complex by building the third line in 2007, which will lead to 730,000-unit monthly capacity by 2007. This will secure the largest plasma panel -producing capacity for the next two years.
The global plasma TV demand is forecast to grow to 25 million units in 2010 from the current demand of 12 million units.