Located in Paju, South Korea, the new LG factory has all that needs to start working. There will be produced the 7th generation of LCD.

The facility, which took a little more than $5.5B USD to complete, features a 345kV substation and lodging for the 4,000 employees that work and live at the facility. In January 2006 the facility began to produce panels, but the first ones were used for evaluation purpose and never hit the market.

LG.Philips claims the plant is currently capable of producing 16,000 panels per month and will reach 45,000 panels per month by the end of June. The year end estimate is somewhere near 90,000 panels per month. The plant is specifically devoted to producing 42″ and 47″ LCD TV panels right now, but has the option to produce 19″ and 20″ LCD monitors as well.

As we told you about the little war that went between the LCd manufacturers about the next size of the LCD, it seems that LG convinced everyone that the new size will be 47″. And Samsung was forced to agree.

How things will work out for LG and what Samsung has to say about this, we will have to wait and see.