LG Display announced today that it will construct a new 6-Gen (1500x1850 mm) flexible OLED production line in Paju, South Korea. The investment in the new E6 line will total $1.7 billion USD.
The E6 line will have a monthly capacity of 15,000 G6 substrates, and is scheduled to begin production in the second half of 2018.
LG currently produces plastic-based OLEDs in its Gen-4.5 fab (E2), with a monthly capacity of 14,000 substrates (more than double its capacity in the beginning of 2014). LG Display's flexible AMOLEDs are used in LG's mobile phones (the G Flex 2), wearable devices (such as the Watch Urbane) and in Apple's Watch. So LG's flexible OLED capacity is quite limited at this stage.
In addition to the Gen-4.5 fab, LG Display is also investing $900 million to build a new 6-Gen flexible OLED fab, the E5 line - which 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, and LG already started to install equipment in that fab.
LG's E5 and E6 lines are located in the company's P9 plant in Paju. In November 2015, LGD announced that it will build a new OLED display plant in Paju - the P10 fab that will mainly make large-size OLED TV panels and flexible OLED panels. Total investment in the P10 plant will reach $8.7 - in several stages. The plant structure is already under construction.
