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LG invests nearly 200 billion won to expand its production capacity of small and medium-sized OLED panels, benefiting its industry chain suppliers.

2021-08-18

LG invests nearly 20 billion RMB to expand its small and medium-sized OLED panel production capacity, benefiting industry chain suppliers

Financial World

Published Time: 08-18 08:40 Beijing Fu Hua Innovation Science and Technology Development Co., Ltd. Official Account, High-quality financial field creator

Source: Financial World

　　According to foreign media reports, LG Display recently announced that it will expand its production capacity of small and medium-sized OLED panels. The company plans to invest 3.3 trillion won (approximately 18.315 billion RMB) by March 2024 to increase its production capacity of small and medium-sized OLED panels. Industry observers predict that after the investment is completed, the monthly production capacity of small and medium-sized OLED panels at the Paju plant in South Korea will reach 60,000 substrates. It is understood that LG Display has a significant advantage in large-size OLED panels and has also entered the ranks of Apple's suppliers for small and medium-sized OLEDs. Data from market research institutions show that in the first quarter of this year, Samsung Display's market share in the small and medium-sized OLED panel market was as high as 73.7%, while LG Display accounted for 10.6%. With LG Display's large-scale investment, its future market share is expected to increase.

　　Industry insiders believe that with the mature development of technology, OLED panels have entered a period of accelerated penetration. Institutions predict that the global shipment volume of OLED mobile phone panels in 2021 will reach 584.5 million, a year-on-year increase of 28%; the shipment volume of OLED panels in large and medium-sized fields such as tablets and computers is also expected to exceed 10 million in 2021, with a year-on-year growth rate as high as 124%. The accelerated penetration of OLED panels will catalyze the demand for upstream OLED materials. UBI research predicts that the global market size of OLED light-emitting materials in 2021 will expand to US$1.52 billion with the development of OLED panels. With major manufacturers such as LG Display increasing investment, industry chain suppliers will benefit.

　　Wanrun Shares (002643) is an important upstream supplier of OLEDs, and its subsidiary Jiumu Chemical is responsible for the research and development and production of OLED intermediates and crude monomer materials.

　　Ruilian New Materials (688550) is a major global supplier of display materials. In 2019, the company's global market share of monomer liquid crystals and OLED sublimation precursor materials was approximately 16% and 14%, respectively.

Transparent OLEDs leverage the self-emissive nature of OLEDs, offering high transmittance. This advantage has led to widespread interest in their application across various fields, including autonomous driving, aviation, subway transit, smart homes, and smart buildings.

LG Display will invest 3.3 trillion won to expand its production capacity of small and medium-sized OLED panels before March 2024.

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