A recent tragic fatal incident at the LG Display company near the city of Phaju in Gyeonggi Province, South Korea, will negatively affect the display industry and will increase the deficit of panels in July-September 2017, analysts warn.

June 24 on the Gen-8 production line. 5 factories P8-1 for the production of large-size LCD panels, an accident occurred, which resulted in the death of an employee of LG, performing maintenance and repair work, reports DigiTimes.

After the incident, the production line was stopped for investigation and repair. According to research firm WitsView, this will take from two weeks to a month. A simple line will result in shortage of large-format panels with a total area of ??715 square meters. Meters.

It is expected that this will significantly worsen the situation with the supply of displays in the third quarter, which traditionally accounts for the rise in demand from electronics manufacturers.

Reducing supplies from LG Display will only aggravate the deficit, experts say.

According to the Chinese consulting firm CINNO Display Industry Consultants, the most affected supply of TV panels in size 49 and 55 inches diagonally.

However, other experts note that a decrease in shipments will help support prices for panels that began to decline in the second quarter of 2017. In addition, due to the difficulties with LG, its competitors Samsung Display and BOE Technology will be able to receive additional orders.