Park Sung-su held a briefing for members of foreign journalists' clubs at the LG Display OLED Lighting Show in Gangnam-gu, Seoul on the evening of the 7th and introduced Luflex, a representative of OLED lighting.
LG Display revealed that Luflex is the brand name for LG Display's OLED lighting panel assembly and is composed of lux with lux and flexibility with flex.The new brand represents a flexible, bendable, rollable ) OLED lighting main features, enhance product design affinity.
LG Display plans to expand Luflex's market power that conveys the benefits of OLED lighting and transform it into the # 1 brand in the global lighting market.
The fifth generation of OLED lighting production line (1,100㎜ × 1,250㎜) of LG Display Gumi, which has been put into full production recently, has the world's largest production scale with the second generation production line of 370,000 × 470㎜ ) Compared to the production of about 30 times more than the number.
With a planned production volume of 15,000 pieces, LG Display plans to gradually expand its production volume and, through mass production, is expected to improve its quality while ensuring its price competitiveness and accelerating its market share.
Park said, Luflex brand and the world's largest production line to start mass production, is based on LG display has advanced OLED technology and confidence in the market to achieve.He said that OLED lighting is the use of organic self-luminous features to create the product, Low power consumption and heat, environmental protection, and similar to natural light, and has the characteristics of thin, transparent, flexible, etc., the design is very free, the future of considerable value.
According to Pu Shengzhu, market research firm ID Tech Ex predicts that the worldwide market for OLED panels for lighting will grow by more than 52% annually over the next 10 years and is expected to reach as much as $ 2.2 billion by 2026. LG displays are willing to cooperate with Taiwan, China and Japan Overseas manufacturers, work together to develop OLED lighting market.
LG display is the supply of OLED lighting source of B2B companies in the future plans to actively and lighting companies, the production of vehicle components and other electrical companies and other joint ventures to carry out promotional marketing.LG display will be used for vehicle lighting as a start, Based on the excellence of OLED lighting, the range will be gradually extended to the general lighting market.