Suppliers of Dutch-Korean LCD maker to open factory in Poland

December 1, 2005 – Six companies that supply parts to Dutch-South Korean company LGPhilips LCD, which makes liquid crystal display screens, signed an agreement Wednesday with the Polish government to build a factory there.

The 292 million euro (US$360 million) factory in southwestern Poland would create 7000 jobs, Poland’s Agency for Information and Foreign Investment said.

LG Philips LCD, a joint venture between South Korea’s LG Electronics and Philips of the Netherlands, announced in September that it was building a facility in Kobierzyce, near the southwest Polish city of Wroclaw, to make flat screens.

The new factory announced Wednesday is to be based near that plant.

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