Pronox to open zł.80 million TV production plant in July

The concern wants to build a technology bridge between Asia and the EU. Pronox has been winning contracts in China for eight years. When it started operations, it began by importing computer components, then electronic equipment and in 2007 the company plans to import small domestic appliances. Pronox has started to build a plant in Dąbrowa Górnicza which will manufacture LCD TV sets and DVD players. The company expects to complete the first stage of the investment in July 2007. Then it will be able to manufacture 500,000 TV sets per year, in 2009 this capability will increase to two million. The whole investment will cost zł.80 million. The company wants to raise zł.20-30 million from its share issue and the rest of the money from loans. (Puls Biznesu p.13) M.M.