LG To Quit Plasma TV Production More OLED Models

Written by David Richards     01/09/2014 | 08:16 | Category: PLASMA

LG will use the IFA show in Europe this week to confirm that they are set to put to rest their plasma range of TV's.

LG To Quit Plasma TV Production More OLED Models

Both Panasonic and Samsung have already exited production of plasma TVs

LG Home Entertainment President acknowledged that LG is now studying when it should finally halt production of the plasma TV range which is currently on sale in Australia.

Ha Hyun-hwoi, LG Electronics home entertainment president, made the revelation during a media event in Korea to discuss its new OLED TV business, essentially confirming what display experts had been expecting.

Hyun-hwoi told reporters to expect an announcement on the issue shortly.

The decision follows LG's aggressive rollout of new large-screen Ultra HD OLED TVs that will be given a formal send off at the IFA Show in Berlin in the next few days.

The company also recently launched a 55-inch curved screen FullHD OLED.

Panasonic has already exited the plasma production business and Samsung is scheduled to shut down its PDP production in November.

Chinese manufacturer Changhong Electric is the only other manufacturer of plasma displays left with the Company now trying to convince retailers to stock their plasma TV's in Australia.