LG Chem to spend 3 tln won on LCD glass plant

By Nam Kwang-sik
SEOUL, Sept. 23 (Yonhap) -- LG Chem Ltd., South Korea's largest chemicals maker,
said Wednesday that it plans to invest 3 trillion won (US$2.5 billion) to expand
its liquid crystal display (LCD) glass plant by 2018.
LG Chem will increase the production lines of LCD glasses to seven by 2018 to
enhance its competitive edge in the market, the company said in a regulatory
filing.
LG Chem plans to produce over 50 million square meters of LCD glasses annually,
while it is aiming to post more than 2 trillion won in sales in 2018.
Earlier in the day, the company started work on its LCD glass plant in Paju,
north of Seoul.
ksnam@yna.co.kr
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