Humax invests EUR 30 million in HDTV factories

The company, together with other Korean company Neotech, bought Bel-Art (now called Tosen) a producer of plasma and LCD TV sets in March. Now it is planning to build several factories producing electronic components for the TV sets for EUR 30 million. Apart from Humax there are four other companies that are going to take part in the investment: Neotech, Tosen, Youngsung Polska. Currently 110 workers have been employed, but the chairman of Tosen and Neotech, Otti Rim said that the company will hire 500-1,000 new workers in the next year. The Neotech investment will fall within an area to be included in the Łódź Special Economic Zone and will involve EUR 10 million. Humax is one of the largest producers of HDTV and LCD HDTV TV sets. The company exports to 90 countries and turnover is expected to reach USD 1 billion this year. (Puls Biznesu p. 9) M.M.