Tuesday, November 22, 2005

LG Raising Plasma Production by 50% or More

I'm WAY behind on the news since our baby was born, but in an effort to catch up...

LG Electronics, which is already the world's second leading manufacturer of plasma display panels, said this past weekend that it will increase capacity in the plants where the panels are produced by 50% next year and may add another production line in '07. Reuters reports that LG aims to become the biggest PDP manufacturer in '06, surpassing Korean rival Samsung SDI, while also fending off challenges from Japan's Matsushita, parent of Panasonic. LG expects the plasma display market to increase to 25 million panels by 2010, up from about 8 million this year.

Here's the full story:
http://news.yahoo.com/s/nm/20051120/tc_nm/korea_lg_dc

No comments: