LG Electronics Streamlines its Plasma Display Panel Lines

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2007-05-18 11:59

Seoul--(뉴스와이어)--LG Electronics (LG), a major player in the global flat panel display market, announced today that it will focus production of plasma display modules on its two most advanced A2 and A3 lines, ceasing production at its older A1 line. This move is to increase operational efficiency and to reduce costs amounting to USD 22 to 32 million annually.

By closing A1 line, LG’s 42-inch plasma display module production capacity will be reduced from 430,000 to 360,000 units per month, the discrepancy of which was A1 line’s monthly capacity of 70,000 units. The company’s A2 and A3 lines currently produce 120,000 and 240,000 plasma display modules per month, respectively, which sum up to 360,000 units per month.

This is a part of LG’s ongoing efforts to improve the performance of its plasma display panel business as a whole.

About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in over 110 operations including 81 subsidiaries around the world. Comprising four business units -- Mobile Communications, Digital Appliance, Digital Display and Digital Media with 2006 global sales of US $38.5 billion -- LG Electronics is the world’s largest producer of CDMA handsets, air conditioners, optical storage products, DVD players. For more information, please visit www.lge.com.

LG Digital Display Company is the largest flat panel display manufacturer in the world, a leading producer of LCD and plasma TVs and one of the world’s top plasma module makers. While focusing on creating well designed, feature rich TVs, the company is also pushing technological boundaries to create a more exciting viewing experience. LG's product areas include: televisions and computer monitors, plasma display panels, OLED and others. LG is an official sponsor of the 60th Cannes Film Festival held from 16-27 May 2007, in Cannes, France.

LG Electronics 개요
LG Electronics Inc., (KSE: 06657.KS) is the leader in consumer electronics and mobile communications. The company has more than 72,000 employees working in 77 subsidiaries and marketing units around the world. LG Electronics is the world’s largest producer of CDMA handsets, residential air conditioners, optical storage devices and home theatre systems. With total revenue of more than USD 35 billion (consolidated USD 45 billion), LG Electronics is comprised of four business units: Mobile Communications, Digital Appliance, Digital Display and Digital Media. For more information, please visit www.lge.com.

웹사이트: http://www.lge.com