Suzhou picked for LCD plant
Source: Agencies |
October 17, 2009, Saturday
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Print Edition
Print Edition
Samsung Electronics Co yesterday said it plans to invest 2.6 trillion won (US$2.2 billion) to build a liquid crystal display plant in China -- its first full-scale LCD factory outside South Korea.
The facility is to be built in the east China's Suzhou City pending approval from the South Korean and Chinese governments, the firm said in a filing.
Samsung, a major global manufacturer of consumer electronics and components, is the world's largest maker of LCDs, a key component in flat screen televisions.
The company has yet to decide what size panels it will manufacture in the factory, according to Hwang Eun-ju, a company spokeswoman.
But she said that in general a plant of the scale that is planned would make panels suitable for TVs ranging in screen size from 32 inches to 47 inches.
Hwang also said the facility will be Samsung's first fully-fledged LCD factory, or fab, overseas, following the six it operates in South Korea.
The facility is to be built in the east China's Suzhou City pending approval from the South Korean and Chinese governments, the firm said in a filing.
Samsung, a major global manufacturer of consumer electronics and components, is the world's largest maker of LCDs, a key component in flat screen televisions.
The company has yet to decide what size panels it will manufacture in the factory, according to Hwang Eun-ju, a company spokeswoman.
But she said that in general a plant of the scale that is planned would make panels suitable for TVs ranging in screen size from 32 inches to 47 inches.
Hwang also said the facility will be Samsung's first fully-fledged LCD factory, or fab, overseas, following the six it operates in South Korea.
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