News

LG Captures Top Position in Plasma Production (27/12/2006)

LG Electronics (LG), a worldwide leader in consumer electronics, has captured the number one position in plasma production during Q3 2006, according to global analyst firm Display Search. Latest figures reveal that LG achieved a 33 per cent market share during this period, with net sales of over 910,000 panels.

LG was able to achieve this strong growth by increasing production capacity in Korea, adding a new production line and increasing the efficiency of an existing line. This has brought a 27 per cent increase in production from Q2.

Another major factor in gaining top position has been the implementation of a new glass process that increases the amount of glass that can be handled at one time. This enhancement has improved productivity to over 550,000 plasmas each month. LG estimates it will have produced 3,300,000 plasmas by the end of the year.

James Atkins, marketing manager from LG comments, "Having the highest plasma panel production capacity in the world ensures that LG will continue to dominate the plasma market. High rates of production help decrease costs so that LG can pass savings onto consumers."

LG is further increasing its production to cover a global market. To date four assembly plants have been established in: Mexico (Reynosa), Poland (Mlawa), China (Nanjing) and Korea (Gumi). The plants serve as a hub of supply and distribution for North and South America, Europe and Asia.

LG Electronics expects the world plasma market to reach 12 million units by the end of 2007 and grow to over 25 million units by 2010.

www.lge.com