LG & Philips LCD TV News

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Good news for consumers:

Since LG and Philips merged their LCD panel operations to create LG.Philips LCD, they have become one of the top TFT-LCD manufacturers. They have added to their production of panels for computer monitors and notebook PCs to also become a top player in the mainstream 26-, 32- and 37-inch LCD TV panel market.

Its “sixth generation” plant in Gumi, Korea started production in August 2004 and output reached 90,000 units per month by late 2005.

Their P7 plant in Paju just outside of Seoul, is due to begin mass production in early 2006 with an expected production capacity of approx. 40,000 panels per month. It will focus especially on 32-, 37-, 42- and 47-inch displays as these are major growth areas for LCD TVs

By the first quarter of 2007, it is expected that P7’s production capacity will be more than 80,000 sheets per month. This adds to their “sixth generation” plant in Gumi Korea that started production in August 2004 and whose output reached 90,000 units per month by late 2005

This is all good news for consumers because increased production means greater choice and downward pressure on prices.

According to the market research company DisplaySearch, LG.Philips LCD took the top position in the LCD TV market during 2005, achieving approx. 25% market share on a unit basis.

They now lead companies such as Dell and Sharp.

Find out more about LG & Philips LCD TVs at www.lcdtvcenter.com.

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LG & Philips LCD TV News