LG Display, the world’s biggest supplier of display panels, plans to invest up to 4 trillion won in facilities to meet rising demand for display-embedded solutions, a company executive said Monday.
“There won’t be any drastic cut in investment for facilities next year,” its CFO Jeong Ho-young told The Korea Times at the company’s headquarters in Yeouido, Seoul. “We have business areas that need proper investment, on time,” he said. This year, LG plans to invest as high as 4 trillion won on facilities, the company said.
The senior executive said the global display industry is gradually heading toward normalization in the area of supply and demand thanks to the improvement of consumer spending from emerging to developed markets. “Our 2014 investment plan is based on the fact that demand for display solutions are on the normal track, not just in China but in major markets,” said the CFO.
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