PHILPS invested $500 million to build factories in Poland aimed at the European LCD Market

Local time on Tuesday, the world's major LCD maker LG PHILPS LCD said it plans to invest 429 million euros ($535 million) to set up a production "back-end" LCD module in the southern city of Wroclaw in Poland factory. LG PHILPS LCD company said the new factory production component products are expected to enter the European market for LCD TV and computer display. As part of the company's "front end" display product strategy, the company will implement distributed component assembly across the region's factories.

PHILPS LG LCD pointed out that the company is expected in the near future and the government of Poland will sign an agreement to invest in new factories, the company also plans in September 2005 to establish a local subsidiary in Poland, the new plant plans in the first half of 2006 began to start construction. LCD module products are expected to be launched in the first half of 2007, the annual production capacity of 3 million sets of components.

LG PHILPS LCD said that by 2011 the company's total investment in the new plant will reach $429 million ($535 million), when the new plant production capacity will reach 11 million units per year production. LG PHILPS LCD plans to distribute production capacity to local factories.

"We plan to build a TFT-LCD component factory in Poland as part of our strategy to grow into the European LCD TV market," said LCD, executive vice president of global sales at LG PHILPS, in a statement, in a statement, DukeKoo said. We will support our customers by providing timely product and technical support. This change is in line with the ongoing trend in the development of television equipment, manufacturers will be in central and Eastern Europe to build a factory."