Research Adjustment: LGD Paju Factory Accident, Limited Impact on Market Supply and Demand and Quote Price

According to media reports, LG Display's factory in Paju, Gyeonggi-do, South Korea, blew fire on Wednesday afternoon. The scene was densely covered with smoke, and all firefighters were rescued after the arrival of the firefighters. However, four workers were injured because of bruising. TrendForce Photoelectric Research (WitsView) pointed out that the fire was caused by a ventilating line for discharging corrosive gas from the wastewater treatment system. Due to the influence of flammable materials such as foamed cotton on the spot, the fire was extinguished four hours later. Fortunately, the fire was fortified. It does not affect the body of Pazhou production line, and has limited impact on the supply and demand of related panel market and the impact of quotation.

WitsView pointed out that the Paju Plant is a production center of LG Display. In addition to the total capacity of 8.5 generations of liquid crystal production lines exceeding 500,000 each month, the production capacity of 8.5-generation OLED panels of more than 60,000 pieces is also located in the plant area. The main production panel items cover mainstream sizes including TVs, monitors, and notebook computer panels. Since the fire did not occur on the production line itself, production was immediately resumed after a brief internal inspection after the disaster, so WitsView believes that The accident will not have a direct impact on the production of the above products, and the supply and demand of the relevant panels and the impact of quotation will be very limited.