LG Sets LED TV Base in Thailand

The South Korean electronics giant LG has chosen Thailand as the first Asean production base for its latest range of televisions.

The company will spend about 200 million baht next year on molds, a clean room and other facilities at its Rayong factory to produce the LED and LCD sets locally, said Heegol Lee, general marketing manager for home entertainment at LG Electronics (Thailand) Co. Exports will account for about 25 percent of total output. Another 340 million baht will be spent locally next year on promoting LG televisions, with a focus on LCD sets.

Overall demand for televisions shrank by 4.3 percent over the first eight months of the year. But demand for plasma TVs grew by 40 percent in the period and the LCD segment surged by 80 percent, while demand for conventional and flat-screen sets slid. LED units currently account for just 2 percent of sales, but this is forecast to rise to 20 percent next year.

The new LED TV should lift the company's market share of the LCD TV segment to 25 percent by the year-end, up from 21 percent last year. The company aims to sell 3,000 units over the next three months. The two new products in the LG Live Borderless TV range are priced at 32,990 and 109,990 baht.

It expects overall sales this year will grow by 15 percent to 15 billion baht.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE