UPDATED. 2024-11-01 09:44 (금)
LG Chem to move polarizer production lines to China
LG Chem to move polarizer production lines to China
  • Jong Jun Lee
  • 승인 2020.01.29 07:27
  • 댓글 0
이 기사를 공유합니다

Relocation scheduled for Q2

South Korea’s LG Chem will be moving parts of its polarizer production facilities at its Ochang plant in North Chungcheong Province to its Nanjing plant in China during the second quarter of this year, industry sources told The Elec on Jan. 27.

The move is a part of LG Chem’s plans to eventually sell off its polarizer business. Polarizers are one of the key materials constituting LCDs panels. LG Chem, however, does not plan on selling off the facility for producing polarizers for OLED panels.

“LG Chem is looking to get rid of money-losing businesses under Shin’s leadership,” said one LG Chem official.

In 2018, the LG affiliate posted a KRW 28.3 billion loss from its electronics materials business, which produces the polarizers. In April, 2019, LG Chem Vice Chairman Shin Hak-cheol created a high-tech materials business division by restructuring the electronics materials business.

In the first half of 2019, LCD panel prices fell but polarizer prices rose after Chinese display maker began to ramp up its production volume. This helped LG Chem’s bottom line improve during its first quarter earnings report last year.

Earlier, Taiwanese market research firm WitsView Technology Corp. had predicted that the supply rate of polarizers in 2019 would stand at the lowest in 4 years at 3.3%. However, as display makers began to cut production beginning in mid-2019, panel prices stopped falling, and polarizer prices stabilized.

WitsView is now saying that the polarizer supply rate will jump to 9.9%. Polarizers produced by world’s fourth-largest polarizer-maker BenQ Materials reportedly fell 5% on-year.

As of the third quarter of 2019, LG Chem took up 27% of the global large-sized panel polarizer market. This year, the firm expects to begin mass production of the polarizers in the production lines that China’s Hangzhou Jinjiang Group affiliates invested in.

In the third quarter of 2019, LG Chem invested KRW 74.9 billion into newly installed production lines for OLED panel polarizers in Guangzhou of China. The South Korean firm’s accumulated investment in the facility stood at KRW 123.8 billion. LG Chem signed a deal with Guangzhou City to invest a total of KRW 350 billion by 2022 into the production lines.


The Elec is South Korea’s No.1 tech news platform.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트