LG Electronics Planning Big Entrance Into Solar Manufacturing Market

Posted by SI Staff on October 22, 2008 No Comments
Categories : New & Noteworthy

The board of directors of LG Electronics, one of the world's largest consumer-electronics companies, has announced plans to convert LG's A1 plasma panel manufacturing line in Gumi, Korea, into solar cell production lines.

LG plans to invest KRW 220 billion by 2010 to establish two production lines. The company expects that the first line will be able to begin mass production in the first quarter of 2010, with the second line beginning full operations in the first quarter of 2011. Both lines will manufacture crystalline silicon solar cells and modules with a capacity of 120 MW each.

‘Leveraging LG's cumulative R&D knowledge in various photovoltaic technologies for the last three years, as well as our mass manufacturing expertise, will allow us to quickly become a global player in the solar cell and module manufacturing business,’ says Kwan Shik Cho, head of the solar cell business team at LG.

SOURCE: LG

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