LG Display is building a 10.5G TFT-LCD factory.

According to South Korea-based Maeil Business News Korea, LG Display is building a 10.5G TFT-LCD factory with monthly production capacity of 60,000 glass substrates in Paju City, northwestern South Korea, with the first phase to kick off in February 2018.

The factory aims to cope with competition from China-based panel makers BOE Technology and China Star Optoelectronics Technology, which will begin production at a 10.5G TFT-LCD factory in China in the third quarter of 2018 and an 11G one in China in 2019.

Substrates at an 8.5G TFT-LCD factory can be cut into four 55-inch TV panels and 10.5G ones 10 55-inch TV panels.

LG Display will begin to convert equipment at a 8.5G TFT-LCD factory to producing OLED panels in March 2017 and is expected to begin converting the 10.5G TFT-LCD factory beginning 2020 to meet growing demand for OLED TVs.