Wed, Oct 14, 2009 - Page 11 News List

LG Display says Chinese TV demand key for LCD industry

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LG Display Co, the world’s ­second-largest liquid-crystal-­display (LCD) maker, said the industry may face a “slight” oversupply and it was difficult to predict the supply-and-demand situation.

“China will be the key for demand,” LG Display chief executive officer Kwon Young-soo told reporters at a trade show near Seoul yesterday, without giving a timeframe. “The biggest uncertainty next year will be demand for televisions.”

The Seoul-based panel maker said in August it plans to build an LCD factory in China to meet surging demand for flat-screen TVs in the world’s fastest-­growing major economy.

China’s TV sales during the eight-day National Day holiday were better than expected, Kwon said.

Last month, DisplaySearch raised its full-year estimate for the global LCD TV market, citing demand from China and North America and as more consumers replace their bulkier glass-tube sets.

Global LCD TV shipments will rise 24 percent to 130 million units, compared with an earlier prediction of 127 million sets, the research firm said. The number of LCD TVs sold in China will likely jump 87 percent to 25 million this year and increase 32 percent next year, DisplaySearch said.

Prices of 37-inch LCD TV panels rose 4 percent as of the second half of last month, compared with three months earlier, estimates at Taipei-based researcher WitsView Technology Corp showed. Prices of 19-inch monitor panels rose 15 percent, while 15.4-inch notebook panels gained 13 percent in the period, WitsView said.

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