LG.Philips LCD to Expand Its 7th Generation Plant Production Capacity to 110,000 Input Sheets per Month.
In accordance with this decision, the company will expand the input capacity to 110,000 sheets per month by the third quarter of 2007. The input capacity of P7 averaged 78,000 sheets per month in the fourth quarter of 2006.
P7 (1950 X 2250mm glass substrate) is optimized for the production of 42-inch and 47-inch LCD TV panels and LG.Philips LCD expects that the capacity expansion at P7 will enable the company to promptly respond to the demands of its customers amid the rapid growth of the 42-inch and 47-inch LCD TV markets. The company believes that this move will help strengthen its market leadership and competitiveness as well as enhance its presence in the global LCD TV market.
About LG.Philips LCD
LG.Philips LCD Co., Ltd (NYSE:LPL)(KRX:034220) is a leading manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels. The Company manufactures TFT-LCD panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, and various applications. LG.Philips LCD currently operates seven fabrication facilities and four back-end assembly facilities in Korea, China and Poland. In addition, LG.Philips LCD has sales and representative offices in ten countries and has approximately 21,000 employees globally. Please visit http://www.lgphilips-lcd.com for more information.
Forward-Looking Statement Disclaimer
This press release may contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.
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|Date:||Feb 11, 2007|
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