LG.Philips Displays

LG.Philips Displays
Joint Venture
Industry Consumer electronics
Fate Bankruptcy
Founded 2001 (2001)
Defunct 2007 (2007)
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 Decrease US$2 Billion (2005)[4]
Decrease US$618 million (2005)[5]
Owner LG Electronics, Philips
Number of employees
 17,000 (2006)[6]
Website LG.Philips Displays
LP Displays
Industry Consumer electronics
Founded 2007 (2007)
Headquarters Hong Kong[7]
Area served
 Worldwide
Key people
 Mr. Jeong IL Son(CEO), Mr. Deok Sik Moon(CFO), Mr. JM Park(CSO), Mr. Soo Dyeog Han(COO)[8]
Products Cathode Ray Tubes(CRTs), Deflection Yokes and related materials
Website LP Displays

LG.Philips Displays was a joint venture created in 2001 by LG Electronics of South Korea and Philips Electronics of the Netherlands. It primarily manufactured CRTs used in traditional television sets.

These two companies also operated another joint venture, LG.Philips LCD, which focuses 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.

References

  1. ↑ "LG.PHILIPS Displays". 2005-10-23. Archived from the original on 2005-10-23. Retrieved 2017-11-19.
  2. ↑ "LG.PHILIPS Displays". 2006-01-18. Archived from the original on 2006-01-18. Retrieved 2017-11-19.
  3. ↑ "LG.Philips Display Unit Files Bankruptcy". Retrieved 2017-11-19.
  4. ↑ https://www.twice.com/news/lgphilips-lcd-revenue-slides-6-28902
  5. ↑ https://www.twice.com/news/lgphilips-lcd-revenue-slides-6-28902
  6. ↑ https://www.telegraph.co.uk/finance/2931965/LG-Philips-Displays-staff-will-be-affected-by-bankruptcy.html
  7. ↑ "LG.PHILIPS Displays". 2008-01-04. Archived from the original on 2008-01-04. Retrieved 2017-11-19.
  8. ↑ "LP Displays". 2007-12-05. Archived from the original on 2007-12-05. Retrieved 2017-11-19.
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