Construction of LG Philips LCD factory gets underway

The plant, situated on the outskirts of Wroclaw is the largest greenfield investment in Poland ever. "In the new plant we will focus on producing LCD modules for large television sets. Thanks to our technology and Polish workers, the plant will become the leading center in Europe in terms of production capacity, quality and technology," announced LG Philips LCD Poland president, Cohen Choi. He went on to reveal that he is not afraid of the planned investment of Sharp, which said it will also build a competitive plant at a cost of EUR 44 million in the first phase alone. LG Philips' investment will cost EUR 429 million and employ 3,000 people. Cohen Choi said that the company selected Poland as the investment location due to highly skilled labor, good location and support from the government. (Puls Biznesu, p. 10) A.K.