Samsung Display opened a new era on Friday as it started to produce LCD panels in China for the first time. This was made possible by the completion of its new plant in Suzhou, Jiangsu Province, which can mass-produce eighth-generation LCD panels measuring 2.2 meters by 2.5 meters.
Back in 2003, the firm built a plant in the Chinese city that was only to assemble LCD panels produced in Korea.
At Friday's completion ceremony, Kim Ki-nam, president and CEO of Samsung Display, described the move as inevitable given that China now ranks as the world’s only growing TV market. He added that Samsung Display will target China’s premium display market with 48- to 55-inch ultra high definition (UHD) and full high definition (HD) LCDs.
Kim made the remarks amid concerns of potential oversupply as both Chinese and Korean companies are expanding their production facilities to make more of the panels.
Construction of the new plant began in May last year on a 573,000-sq.m. plot of land within Suzhou Industrial Park.