Orion Electric teams up with Sharp in TV investment

The investment is to take place in Torun  but it is unknown what other companies will join them in the investment park. As part of the investment Sharp will produce LCD panels and Orion Electric will assemble the televisions. The two companies' factories will be built first. "The companies want to start building in the summer and then start production in December this year. No decision has been taken yet as to which other companies will join them in the investment. At the beginning they may import components," said a source close to the investment. Recently, Andrzej Kaczmarek, the Economy Minister, said that Sharp will invest EUR 146m in the project and employ as many as 3,700 people. Earlier indications suggested that the investment would be worth USD 500m and would employ up to 10,000 people. (Puls Biznesu p. 10) S.D.