LG's new 2018 manufacturing plant

There are so many unbelievably stunning 4K OLED Televisions from LG, but the prices aren’t too stunning for the average consumer. However, the company’s new manufacturing plant could change the game.

A report from Reuters states that the South Korean tech giant will be spending about $8.71 billion on a brand-new manufacturing plant in Paju, South Korea to produce display panels.

This is possibly a smart move by LG to retain its strong market share and fix up the lost profit due to a gas leak incident at one of its manufacturing plants earlier this year.

So I guess you’re looking forward to the reductions in the prices of LG’s TV coming up in the ending months of 2015, but I’m afraid to say that it might not go your way. The report from Reuter’s states that manufacturing for automotive and TV display panels at the new plant facility will be starting around about 2018; so you’ll have to wait a short while.

Via: | Engadget |

Source: | Reuters |

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