LG Electronics has increased the TV production rate at its factory in Mexico by 30% from the same time period a year ago to better meet demand from year’s end sales event in North America, the company said on Monday.
Its factory in Reynosa, in the state of Tamaulipas, was running at full capacity, the South Korean electronics maker said. All TVs produced there are headed for North America.
It said it has been running two shifts at the factory since July for full operation. This is a month earlier than usual, it said.
The North American TV market was recovering since the first half when it was stagnate due to the COVID-19 pandemic. US distributors doing sales event there.
According to market research firm Omdia, OLED TV shipment is expected to increase 20% from a year ago in the fourth quarter to reach 269,900 units
Worldwide OLED TV shipment in the quarter will reach 1.2 million units, according to Omdia.