LG.Display has announced plans to set up an 8th generation LCD plant in China. This marks the South Korean manufacturerâ€™s first major production facility in the country.<br /><br /><h3>LG to enter China</H3>Japanese companies have traditionally produced components in Japan, South Korean manufacturers in South Korea and Chinese manufacturers in China. But the growing Chinese economy seems to have attracted new players.<br /><br /><p align=center><a id="thumb" href="pictures/guangzhou-1l.jpg" class="highslide" rel="highslide"><img class="imgresponsive" src="pictures/guangzhou-1.jpg" alt="LG enters China" title="Click to enlarge" /></a><br><i>LG will set up a 8G LCD plant in China</i></p><br />LG has now officially announced plans to set up an advanced 8G (8th generation) LCD plant in the Guangzhou area in China. The LCD plant will be able to produce large-size TV panels and be strategically located close to other component manufacturers in Guangzhou.<br /><br />The goal is to start mass production in the second half of 2014, and LG hopes to benefit from Chinaâ€™s cheap labor force and favorable conditions. LG also hopes to get foothold in China; now worldâ€™s largest LCD-TV market. LG already has one smaller LCD production facility in Eastern China.<br /><br />According to DisplaySearch, approximately 44.5 million LCD-TVs were sold in China in 2011. This number is expected to increase considerably in 2012.