LG Electronics: Out of Gumi

June 2, 2009

lg_lcd_tv_assembly_gumi_south_korea

LG Electronics plans to move its flat panel dis­play (FPD) TV man­u­fac­tur­ing capa­bil­i­ties in Gumi, North Gyeongsang Province, closer to Seoul in Pyeongtaek. Why? To cen­tral­ize pro­duc­tion and improve man­age­ment efficiency.

The com­pany will need all the improve­ments it can get to achieve the goal of sell­ing 18 mil­lion LCD TV sets in 2009 despite a weak econ­omy. Centralized pro­duc­tion will include costs sav­ings in logis­tics, human resources and manufacturing.

LGE’s pro­duc­tion cen­ter in Gumi will shift its focus on small/medium-sized LCD pan­els. LG Display is also focus­ing on expand­ing its LCD panel man­u­fac­tur­ing from Gumi to Paju, which is just north of Seoul. LGE is also mov­ing its research and devel­op­ment (R&D) per­son­nel, roughly 300, out of Gumi and into Pyeongtaek.

Source: The Korea Times