Tokyo  - Japan's Sony Corp and South Korea's Samsung Electronics Co said Friday that they would produce a new line of liquid crystal displays (LCDs) as part of their joint venture, S-LCD Corp.

The electronics companies agreed to invest 200 billion yen (1.93 billion dollars) in the new line to meet rising global demand for LCD televisions.

The new line would start operating in Tangjeong, South Korea, in the second quarter of 2009 with a monthly production capacity of 60,000 units.

The line would produce glass substrate measuring 2.5 metres by 2.2 metres and was projected to turn out 1.08 million 32-inch (81.3-centimetre) panels per month. (dpa)