:::::::::: 글로벌번역통역센터 ::::::::::
 
 



 
 
> 고객지원센터 > News & Notice
ADMIN 2021. 01. 16.  
LIST  MODIFY  DELETE  WRITE  REPLY 
   제목: Dramatic turnaround for LG Display
Dramatic turnaround for LG Display


October 23, 2020


Visitors to LG Display's exhibition center take a look at a display panel that can be rolled up for storage in this Dec. 13, 2019 file photo. / Courtesy of LG Display


Heavy expense control, OLED rebound boost LG Display's Q3 profit

By Baek Byung-yeul


Visitors to LG Display's exhibition center take a look at a display panel that can be rolled up for storage in this Dec. 13, 2019 file photo. / Courtesy of LG Display
LG Display's painstaking efforts to normalize its operations are paying off, as the company posted an operating profit in the third quarter, ending seven consecutive quarterly losses, the display-making arm of LG Group said Thursday.

The company said it could log an operating profit of 164.4 billion ($145 million) won, on the back of its heavy expense control efforts, increased OLED sales and a price increase in LCDs. As more people work and study from home due to the COVID-19 pandemic, the company could also see strong demand for displays used in IT devices.

The company also saw soaring demand for its plastic OLED used in mobile devices, as production of mobile panels for Apple went into full swing following the U.S. smartphone maker's introduction of its newest iPhone.

As part of its cost-cutting efforts, the company planned to stop producing LCD TV panels in its Paju plant by the end of 2020. But due to the strong demand for its LCD panels, it has decided to flexibly respond to the changing market situation, transforming some of its LCD production lines to display panels for other devices.

LG Display had struggled with falling profitability in its LCD business in recent years after being hit by the industry's oversupply in conventional LCDs as Chinese rivals have flooded the market.

To turn the situation around, LG Display has aggressively shifted its focus to high-priced OLEDs.

Earlier this year, LG Display CEO Jeong Ho-young said the company's efforts to return to the black seem to be working and the company expects to see a turnaround in the second half of this year.

"Let's say LG Display views the second half of this year as the period to collect ourselves before making a turnaround. We were hoping to see a turnaround next year. The key prerequisite is how we better handle the mass outputs of large-sized OLED displays at our plant in Guangzhou, southern China," Jeong told reporters during a press conference in Las Vegas, Jan. 7, on the sideline of the Consumer Electronics Show.

As Jeong said, LG Display finally began mass-producing OLED panels using its 8.5th-generation glass-cutting technology, starting in July at its plant in Guangzhou, China.

Though the mass production schedule in the China factory took longer than expected, LG Display now supplies 19 TV makers that use its OLED panels and industry analysts presumed the company will see increasing demand for the high-priced panels.

LG said the Guangzhou plant can produce 60,000 glass substrates a month. Including the firm's Paju plant's monthly capacity of 70,000 glass substrates, the company is capable of producing 130,000 glass plates a month.

Forecasting future performance, industry analysts also expected the company will be able to mark a turnaround next year as more OLED TVs will be sold and the firm's restructuring efforts would produce successful results.

Excerpts articles from the Korea Times
LIST  MODIFY  DELETE  WRITE  REPLY 





전체글 목록 2021. 01. 16.  전체글: 812  방문수: 2647852
 공지  정규직,계약직,프리랜서직 모집 
812   Unemployment Claims Rise Sharply, Showing New Economic Pain 
811   Millions Flock to Telegram and Signal as Fears Grow Over Big Tech
810   Could Be a Great Year, if Your Business Survives Winter
809   Hyundai shares shoot up on reports it will be behind the 'Apple car'
808   US considering adding Alibaba, Tencent to China stock ban: Reuters
807   KOSPI hits 3,000-point milestone
806   Asia's outlook for 2021 looks rosy but with important downward risks
805   Farmland meets the desert, separated by an irrigation canal, near Fruita, Colo.Credit...Nick Cote fo
804   What 2020 Was Like for People in the Retail Industry
803   With Alibaba Investigation, China Gets Tougher on Tech
802   Moody's, S&P still doubt future of Korean Air, Asiana
801   Paris, Zurich and HK world’s most expensive cities
800   Japanese Citizens Urged to Wear Masks at Home as Cases Swell
799   Hyundai's Motional signs driverless car deal with Lyft
798   Bank stocks losing growth momentum despite year-end dividend season
797   Will bitcoin replace gold as safe haven asset?
796   1,030 Covid cases reported, Moon calls for Level 3 review
795   Hong Kong Buys 15 Million Vaccine Doses From Pfizer, Sinovac
794   With AstraZeneca, SK Bioscience seeking IPO jackpot
793   Australia Sounds Alarm on Trade as China Row Slams Farm Exports
792   SK Telcom merges two security services subsidiaries
791   Bank of Korea keeps key rate at record low
790   Boryung's cancer drug line gets GMP certification
789   Exports rise 11.1% in first 20 days of November
788   Crude steel production plummeted in 2020, but demand is rising
787   Korea Development Bank to inject W800 bil. for Korean Air's takeover of Asiana
786   Startups to compete with promising business ideas at Come Up 2020
785   Posco Energy begins operation of LNG terminal
784   Biden targets virus as transition begins
783   Korean won hits 21-month high after Biden win
RELOAD VIEW DEL WRITE
1 [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] 28