In January 2016, LG announced that it will invest $380 million to double its OLED TV production capacity - by building a new production line with a capacity of 25,000 substrates per month. The new line will be completed by Q2 2017.
According to the Korea Herald, LG started to execute this plan, and have ordered new production equipment from Korean suppliers. LG will replace the LCD production line at its P8 plant in Paju and will move the current equipment to its Chinese plant in Guangzhou.
Interestingly, the Korea Herald says that the new plan will total $850 million. This number probably includes the company's flexible OLED production capacity plans. Indeed, the Korea Herald says that LG also started to execute its planned E5 6-Gen (1500x1850 mm) flexible OLED fab announced in July 2015. The E5 line will cost $900 million, and will have a capacity of 7,500 monthly substrates - or 1.5 million 5.5" panels. The new fab is scheduled to begin mass production in the first half of 2017.
