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LG.Philips Displays

LG.Philips Displays

Company type	Joint Venture
Industry	Consumer electronics
Founded	2001; 23 years ago (2001)
Defunct	2007; 17 years ago (2007)
Fate	Bankruptcy
Headquarters	Hong Kong[1]
Area served	Worldwide
Key people	Mr. Jeong IL Son(CEO), Mr. Paul Verhagen(CFO), Mr. Wiebo Jan Vaartjes(CSO), Mr. Soo Dyeog Han(COO)[2][3]
Products	Cathode Ray Tubes(CRTs), Deflection Yokes and related materials
Revenue	US$2 Billion (2005)[4]
Net income	US$618 million (2005)[4]
Owner	LG Electronics, Philips
Number of employees	17,000 (2006)[5]
Website	LG.Philips Displays

LP Displays

Industry	Consumer electronics
Founded	2007; 17 years ago (2007)
Headquarters	Hong Kong[6]
Area served	Worldwide
Key people	Mr. Jeong IL Son(CEO), Mr. Deok Sik Moon(CFO), Mr. JM Park(CSO), Mr. Soo Dyeog Han(COO)[7]
Products	Cathode Ray Tubes(CRTs), Deflection Yokes and related materials
Number of employees	11,000 (2007)[8]
Website	LP Displays

LG.Philips Displays was a joint venture created in 2001 by LG ElectronicsofSouth Korea and Philips Electronics of the Netherlands in response to the maturing cathode-ray tube (CRT) market.^[9][10] It primarily manufactured CRTs used in traditional television sets. It was the world's largest manufacturer of CRTs.^[11][12]

These two companies also operated another joint venture, LG.Philips LCD, which focused on LCD panels used in flat panel television sets and laptop computers.

As of 2006, the company had run into bankruptcy and restarted under the same name with investments of a third party (JP Morgan). LG.Philips LCD was not affected by this bankruptcy.

LG.Philips Displays shares were sold in the beginning of March 2007. The company name has been changed to LP Displays from 1 April 2007. LP is a historic reference to the old parent companies LG and Philips. Since, the fate of the company is unknown, although it appears that its factories were later repurposed or sold.^[13]

References[edit]

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