LG Display announced today that it will invest in a new OLED light panel manufacturing facility. The planned facility will be the first 5th generation (1000 x 1200mm) OLED light panel manufacturing plant in the world. It is to be located in the South Korean city of Gumi, where it will produce a range of OLED light panels.

The initial input capacity at the plant will be 15,000 glass substrates per month. The monthly input capacity could be gradually ramped up depending on the market situation.

LG Display expects the increased production with the new facility to give the company economies-of-scale. This will help the company obtain significant price competitiveness. In addition, the accumulated OLED display technical know-how will allow LG Display to considerably enhance OLED light product quality.

The 5th generation facility will give the company panel size flexibility. With the larger glass substrate, LG Display will be able to produce a wide range of different size light panels, including giant ones. Further, this ability to make giant panels will better enable the company to penetrate the general lighting market.