Funai to build EUR 50 million LCD factory

"Funai signed an agreement with zone's authorities. The parties agreed on the price of a 10-hectare plot. The firm will produce television sets and will employ 1,500 people," revealed an anonymous source in Puls Biznesu. President of the Zone, Krzysztof Dolganow, only stated that he concluded negotiations with an investor from the electronics sector. It is possible that the investment will be located in Nowa Sól, but "I deny this," said the city's mayor Wadim Tyszkiewicz. The estimated value of the project has been put at EUR 40-50 million. Investment in Poland fits into the company's strategy, which announced it will triple the number of produced LCD television sets to 1.8 million. (Puls Biznesu, pp. 1, 10) M.M.