LG.Philips LCD (LPL) established a China module plant in Guangzhou and is called LG.Philips LCD Guangzhou Co. Ltd. The module plant was built with an initial capital of 964 million won (~US$1 million). This is the second module factory with the plant in Nanjing having been operation for years already.
The plant is expected to stimulate related industries in Guangdong that includes optical electronics, new materials, chemicals and IT. Guangdong, according to Party Secretary Zhang Dejiang of Guangdong Province, has been China’s number one when it comes to industrial output of electronics and IT. Guangdong is also the largest market for LCDs in China.