South Korea’s LG Display Co. said Friday that it aims to turn out 1.7 million organic light-emitting diode (OLED) TV panels next year.

This is a 200,000 increase from its previous goal of 1.5 million OLED panels early this year.

Currently, LG Display has two production lines at P8 and P9 plants in Paju, Gyeonggi Province with a combined monthly production capacity of 34,000 8th generation (2,200 mm×2,500mm) OLED TV panels. Each 8th generation panel can be cut into six 55-inch OLED TV panels or three sheets of 65-inch TV panels.

The company plans to bump up the monthly output capacity to 60,000 sheets from the first half next year, by adding new production line E4-2 that can produce 26,000 sheets every month at P9 plant.

A company official said that the new facility addition would pick up its annual production volume to reach around 1.7 million OLED TV panels, adding that this is the reason why it upped its production target.

The Korean display maker’s P10 plant that will start running in 2018 would include OLED panel production line. Although it didn’t specify exact use of the plant, the industry observers expect that the P10 plant will produce small and mid-sized OLED panels and large-sized OLED panels for TVs.

By Lee Seung-hoon

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