LG.Philips LCD Co., considered the world's second-largest maker of liquid crystal displays, said it plans to build a 5.3-trillion-won (approx. U.S. $5.06 billion) facility for producing a larger type of flat screen.
The company started to construct the so-called seventh-generation flat screen plant in Paju, northwest of Seoul, in March this year, and the facility will start to produce TFT-LCDs, or thin film transistor-liquid crystal displays, typically used for computers and televisions, by the first quarter of 2006, the company said in a statement.
LG.Philips LCD said the Paju plant will be able to process 45,000 sheets of glass measuring 1.95 by 2.25 m a month in the first stage, and the production capacity may increase to 90,000 sheets. One sheet of glass can be used for either eight 42-in screens or six 47-in screens.
In October this year, LG.Philips LCD started to mass-produce the so-called sixth-generation LCDs, based on glass sheets measuring 1.5 by 1.85 m, which are used for 32-in and 37-in screens.
LG Philips LCD was formed in 1999 as a joint venture between LG Electronics of South Korea and Philips Electronics of the Netherlands. (Yonhap)
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