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2007-03-08 00:00:00
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LONDON — Samsung Electronics is planning to build an LCD assembly plant in Slovakia, with the initial investment being $155million. The facility will be in the western Slovak town of Trnava and construction scheduled to begin during the next few months.
Samsung already has plants in Slovakia making computer monitors and TV tubes. The LCD panel assembly facility, which could eventually represent an investment of $600 million, will commence operations next year, said Samsung.
The Korean group is believed to have won approval for its investment plan from the Slovak government, according to FT.com but it was unclear what kind of incentives it would receive.
Together with sub-contractors the factory is expected to create about 5,700 jobs by 2010.
The investment will be one of the largest in Slovakia to date, but major Far Eastern consumer electronics groups have to date built assembly operations in Poland, Hungary and the Czech Republic. Arch rival LG Philips LCD has an LCD assembly facility in Poland.
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