LG Electronics deal spells $110 million plant investment and 2,100 jobs

"We will invest $110 million in the production of digital te levisions, plasma flat screen monitors and LCD screens," declared LG E lectronics Mława president and managing director Seong Ho No. The cons truction will commence later this month and the project will create 2,100 new work places by 2010. The surrounding 13 hectares of land have been secured for the company's suppliers. "If we consider the needs of the cooperating companies, they can employ around 5,000 people," said Sang Han Zoon, head of LG Electronics Display. Economy Minister Jacek Piechota added that the investor also plans to create a research center in Mława, which by 2010 is to become a professional research institute. Thanks to the location on the area of the Warmińsko-Mazurska Special Economic Zone, LG is taking advantage of tax relief, and has also managed to negotiate a deal according to which it will receive zł.18.5 million to train new personnel. (Puls Biznesu, p. 5) A.K.