TPV Technology and LG Display has entered a joint ven­ture agree­ment estab­lish­ing L&T Display Technology for TVs, located in Xiamen, and mon­i­tors, located in Fujian. The Xiamen-based JV will focus on man­u­fac­tur­ing and sell­ing LCD TV mod­ules and TVs. The Fujian-based JV will con­cen­trate on pro­duc­ing and sell­ing LCD mon­i­tors, multi-function mon­i­tors, all-in-one PCs and dig­i­tal sig­nage dis­plays. LG Display will have con­trol­ling inter­est in the two JVs with a 51% con­tri­bu­tion. Investments toward the Xiamen-based JV total US$34 mil­lion and $50 mil­lion for the Fujian-based JV.

China Strategy The joint ven­ture is a strate­gic move on the part of LG Display to tap into the bur­geon­ing Chinese mar­ket as demand for LCD TVs, LCD mon­i­tors, PCs and dig­i­tal sig­nage grows far faster than advanced economies such as North America and Western Europe.

Source: “TPV signs joint ven­ture agree­ment with LG Display” – DigiTimes