By Matthew Henry

KOREA: The world’s largest flat panel TV maker, Samsung Electronics, will invest a further $US2.2 billion to ramp up production of LCD panels in anticipation of growing consumer demand for flat panel TVs.

The company said the $US2.2 billion ($AU2.49 billion) expansion of its Korean Sony-Samsung LCD (S-LCD) plant, half owned with Sony, would allow it to boost LCD panel production capacity to 60,000 units per month.

The extra capacity will come online from the third quarter next year and is expected to enhance the company’s ability to produce panels for big-screen LCD TVs 46 inches and larger.

LCD market rival and business partner in the S-LCD manufacturing joint-venture, Sony Corporation, has not announced any plans for a similar expansion.