Contracts with LG Philips suppliers in the bag

"This is the largest greenfield investment in recent years," said Prime Minister Kazimierz Marcinkiewicz. Investors received investment incentives of zł.122 million to create new jobs and new investments. "We estimate that between 2006-2011 investors will produce budget revenues of zł.1.6 billion," said Economy Minister Piotr Woźniak. He went on to say that the Korean investors also received exemption from real estate tax, CIT, special economic zone fees and could purchase a plot of land for a symbolic EUR 1 each. The Economy Ministry went on to say that these forms of incentives can be also expected to be offered to other investors. These include Heesung, LG Innotek, Dong Yang, LG Chem, Oh Sung and Lucky SMT. (Puls Biznesu, p. 7) M.M.