LG Display says to invest $908 million to boost plastic OLED production

Reuters News
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Posted: Jul 22, 2015 6:23 PM

SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Thursday that it will invest 1.05 trillion won ($908.11 million) to boost capacity for plastic organic light-emitting diode displays to be used for smartphones, cars and foldable screens.

LG Display, in a regulatory filing, said the investment will begin sometime in the third quarter and is expected to be completed by the second quarter of 2017.

(Reporting by Se Young Lee)