LG Philips to Build TFT-LCD Module Plant in Wroclaw

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LG Philips LCD, one of the world’s leading innovators of thin-film transistor liquid crystal display (TFT-LCD) technology, announced today that it plans to build a “back-end” module production plant in Wroclaw, a city in southern Poland, becoming the first global LCD industry player to commence such production in Europe. An investment agreement for the plant will soon be signed with the government of Poland.

LG.Philips LCD plans to establish a local entity in September 2005, and will break ground for the plant in the first half of 2006 and start production in the first half of 2007 with an initial capacity of 3 million modules per year. The company will invest a total of EUR 429 million in the plant by 2011, at which time it is scheduled to reach its design capacity of 11 million units per year.

Source: PAIZ

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