LG Electronics plans to construct two new production lines for solar cells in space currently occupied by a PDP (plasma display panel) manufacturing line at its Gumi plant in South Korea, it said Monday.
The company will invest 220 billion won (US$167 million) to replace its A1 PDP line with the two solar production lines. The A1 line is currently dormant and based on old technology, and therefore is ripe for reinvestment or replacement.
Both new lines will be able to produce 120 megawatts worth of solar modules per year. The first is expected to begin operation in the first quarter of 2010 and the second a year later in the first quarter of 2011.
keyboard shortcuts: V vote up article J next comment K previous comment