LG Display, a leading manufacturer of thin-film transistor liquid crystal display, announced today that it has recently begun mass production at its new LCD module plant in Reynosa, Mexico. The plant will serve as a strategic base to expand the company’s presence in North America, the world’s second largest TV market.
In 2012, the plant is expected to produce 700,000 LCD modules for FPR (Film Patterned Retarder) 3D TVs, which comprises about 10 percent of the total TV product output of strategic partner LG Electronics’ local plant in Reynosa. Future increases in production will be determined depending on the market situation.
The production line is able to manufacture both individual components such as back light units and LCD modules, as well as complete TV sets. The integrated process will dramatically reduce total production costs as LG Display in conjunction with its strategic partner oversee both component and complete products, making it easier to manage total output and supply issues. The partnership also allows for the ability to more efficiently respond to consumer needs and market demand in North America
The plant in Mexico is LG Display’s fifth global module plant, with additional factories located in Nanjing, Guangzhou, and Yentai, China, as well as Wroclaw, Poland.
According to NPD DisplaySearch, total LCD TV shipments in North America reached 38 million units, accounting for about 18 percent of the total 205 million units sold globally in 2011. It is also forecasted that North America, with expected sales of around 29 million units, will become the world’s second-largest LCD TV market after China this year.
