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LG.Philips Displays

LG.Philips Displays
Company typeJoint Venture
IndustryConsumer electronics
Founded2001; 23 years ago (2001)
Defunct2007; 17 years ago (2007)
FateBankruptcy
HeadquartersHong 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]
ProductsCathode-ray tubes, Deflection Yokes and related materials
RevenueDecrease US$2 Billion (2005)[4]
Decrease US$618 million (2005)[4]
OwnerLG Electronics, Philips
Number of employees
17,000 (2006)[5]
WebsiteLG.Philips Displays
LP Displays
IndustryConsumer electronics
Founded2007; 17 years ago (2007)
Defunct2008; 16 years ago (2008)
FateLiquidation
HeadquartersHong 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]
ProductsCathode-ray tubes, deflection yokes and related materials
Number of employees
11,000 (2007)[8]
WebsiteLP Displays
A CRT made by LP Displays

LG.Philips Displays was a joint venture created in 2001 by LG Electronics of South 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. The company ended operations in December 2008 due to voluntary liquidation.[13]

References

  1. ^ "LG.PHILIPS Displays". 2005-10-23. Archived from the original on 2005-10-23. Retrieved 2017-11-19.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  2. ^ "LG.PHILIPS Displays". 2006-01-18. Archived from the original on 2006-01-18. Retrieved 2017-11-19.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  3. ^ "LG.Philips Display Unit Files Bankruptcy". Retrieved 2017-11-19.
  4. ^ a b Malester, Jeff (11 April 2005). "LG.Philips LCD Revenue Slides 6%". Twice.
  5. ^ Miller, Robert (February 10, 2006). "LG Philips Displays staff will be affected by bankruptcy" – via www.telegraph.co.uk.
  6. ^ "LG.PHILIPS Displays". 2008-01-04. Archived from the original on 2008-01-04. Retrieved 2017-11-19.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  7. ^ "LP Displays". 2007-12-05. Archived from the original on 2007-12-05. Retrieved 2017-11-19.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  8. ^ "Archived copy" (PDF). www.lgphilips-displays.com. Archived from the original (PDF) on 13 October 2007. Retrieved 12 January 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  9. ^ https://www.annualreports.com/HostedData/AnnualReportArchive/k/NYSE_PHG_2004.pdf [bare URL PDF]
  10. ^ http://www.jaarverslag.com/assets/reports/JaarverslagCOM_Philips_Jaarverslag_2000.pdf [bare URL PDF]
  11. ^ "Tube Opportunist". Forbes.
  12. ^ Cameron, Ian (30 November 2000). "LG and Philips sign CRT joint venture". EE Times.
  13. ^ According to company search conducted on https://www.e-services.cr.gov.hk. To reproduce, log in by selecting "unregistered services" or similar, where you will be asked for personally identifiable information. Then select search, and select Left partial search, then search "LP Displays". Then select the search result, then under "Please select if you want to perform other searches or order other products for this company" select image record then click on go. Then click proceed, then go. The company chose to wind up voluntarily at the end of December 2008.


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