LG Display has announced that it will invest $908 million over the course of two years in setting up a facility in South Korea tailored for the production of plastic OLED displays. Using plastic instead of glass allows the screen to bend, as seen in devices like the LG G Flex 2.
Currently, LG Display and Samsung are the only two companies that can manufacture flexible displays, albeit in low volumes. With the new facility, LG will also be looking to develop and manufacture "foldable displays and large-size auto displays" for smartphones, automobiles and wearables. The factory will commence mass production from the second quarter of 2017.
Source: LG Display