LG Electronics to produce 1 million TV sets per year

Beginning in 2001, Korea's LG Electronics intends to produce 1 million TV sets per year in Poland. To this end, the company is modernizing its plant in Mlawa with the completion of a new production shop expected in two weeks. The assembly shop, which was bought from Curtis Electronics in 1999, will become the European headquarters of the Korean company. "We decided to increase the number of TV sets produced in Poland last year," says the president of LG Electronics Mlawa Choong Bong Cho. The investment will cost $4 million (around zl 17 million). Production in the new shop is slated to be launched in July 2000. Because of the new plans, employment in the plant will increase from 426 to 600 workers. (Puls Biznesu, page 9) A.Z.