LG has invested nearly 20 billion to expand the production capacity of small and medium-sized OLED panels, suppliers in the industry chain hope to benefit
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- Time of issue:2021-08-18 10:18
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LG has invested nearly 20 billion to expand the production capacity of small and medium-sized OLED panels, suppliers in the industry chain hope to benefit
- Categories:News Center
- Author:
- Origin:
- Time of issue:2021-08-18 10:18
- Views:
LG has invested nearly 20 billion to expand the production capacity of small and medium-sized OLED panels, suppliers in the industry chain hope to benefit
Release time: 08-1808:40 Official account of Beijing Fuhua Innovation and Technology Development Co., Ltd., a high-quality creator in the financial field
Source: Financial World Network
According to foreign media reports, LG Display recently announced that it will expand the production capacity of small and medium-sized OLED panels. The company plans to invest 3.3 trillion won (approximately 18.315 billion yuan) by March 2024 to increase the production capacity of its small and medium-sized OLED panels. Industry observers predict that after the investment is completed, the monthly production capacity of small and medium-sized OLED panels at the Paju plant in South Korea will reach 60,000 substrates. It is reported that LG Display has obvious advantages in large-size OLED panels, and small and medium-sized OLEDs have also entered the ranks of Apple's suppliers. Data from market research institutions show that in the first quarter of this year, Samsung Display's market share of small and medium-sized OLED panels was as high as 73.7%, and LG Display's share was 10.6%. LG Display is expected to increase its market share in the future under the blessing of large-scale investment.
The industry believes that as the technology matures, OLED panels have entered a period of accelerated penetration. The agency predicts that global shipments of OLED mobile phone panels will reach 584.5 million units in 2021, a year-on-year increase of 28%; shipments of OLED panels in large and medium-sized fields such as tablets and computers are also expected to exceed 10 million units in 2021, an annual increase The speed is as high as 124%. The accelerated penetration of OLED panels will catalyze the demand for upstream OLED materials. UBI Research predicts that the global market for OLED light-emitting materials will expand to US$1.52 billion in 2021 with the development of OLED panels. As LG Display and other major manufacturers increase investment, industry chain suppliers benefit.
Wanrun Co., Ltd. (002643) is an important upstream supplier of OLED. Its subsidiary Jiumu Chemical is responsible for the R&D and production of OLED intermediates and crude monomer materials.
Ruilian New Materials (688550) is a major global supplier of display materials. In 2019, the company's global market share of monomer liquid crystal and OLED pre-sublimation materials was approximately 16% and 14%, respectively.
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