LG's gears up its factory to produce 1.5 million TV sets

Korean concern LG Electronics intends to open another production line at is factory near Mława to produce TV sets. The investment is set to cost $15 million. The company estimates that thanks to this, the revenues of the Mława factory will increase to $200 million. By 2006, the factory will be turning out products worth $1 billion each year. Expansion plans are in full swing and the plant is already being made ready. Once the production line is completed, the firm will be able to increase output to 1.5 million TV sets annually. These will mostly be exported to Western Europe, but LG will also expand its exports to the Baltic countries, as well as Ukraine. (Puls Biznesu, p. 8) A.Z.