LG to Open 2nd LCD Plant in Poland

LG Electronics, South Korea’s second-largest consumer electronics maker, said Tuesday it will launch the operations of its second liquid crystal display (LCD) TV plant in Poland later this month.

The plant located in the southern Polish city of Wrocław was projected to start operations in the first half of next year, but LG Electronics made the decision to move up the start date in order to meet rising demand from European countries, company officials said.

The company did not elaborate on the exact timetable.

LG Electronics runs an LCD TV plant in Mława, 130 kilometers north of Warsaw. With the second plant in Wrocław, LG Electronics said it will churn out a combined 6 million TV sets this year.

Europe accounts for around 40 percent of the world’s LCD TV market. LG Electronics aims to increase the sales from its Polish plants to $6.5 billion by 2010 from this year’s $2.5 billion.

To that end, the electronics giant plans to invest $130 million over the next three years to increase the production capacity of the two production facilities.

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