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Unformatted text preview: UPDATE: LG Display To Invest KRW1.5T For LCD Line Expansion 491 words 12 March 2010 02:50 Dow Jones International News DJI English (c) 2010 Dow Jones & Company, Inc. (Adds details, comments from CEO, company statement) By Jung-Ah Lee Of DOW JONES NEWSWIRES SEOUL (Dow Jones)-- LG Display Co. (034220.SE) said Friday it will invest KRW1.5 trillion ($1.3 billion) to expand the company's existing 8th-generation liquid-crystal-display production lines to boost output capacity . The panel display industry has seen robust market demand combined with tight supply conditions recently, as the world's second-largest LCD maker by revenue has only been able to meet 80% of its orders amid a shortage of key panel components, such as glass. Because of the tight conditions, some LCD makers are expected to increase panel prices in negotiations with TV set makers. Following a general shareholder meeting earlier Friday, Chief Executive Kwon Young-soo said the company may raise the panel prices ahead, due to ongoing key glass shortages, partly exacerbated by the recent Taiwan...
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This note was uploaded on 01/11/2012 for the course EIN 4354 taught by Professor Tufecki during the Fall '08 term at University of Florida.
- Fall '08