9/11/2006

Toshiba to build LCD TV plant in Poland for 3 bln yen - report

Toshiba Corp plans to build an LCD television plant in Poland with a projected capacity of 1.5-2.0 mln 32-inch or larger units for sale in Europe in 2009, The Nihon Keizai Shimbun reported, without citing its sources.

Scheduled to go on stream by next summer, the factory will triple Toshiba's annual production capacity of flat-panel TVs in Europe and is designed to boost its flat-panel business as it lags rivals in the domestic market, the newspaper said.

Toshiba will invest about 5 bln yen to build the facility in a suburb of Wroclaw, in southwestern Poland. By the end of September it will set up a local subsidiary to operate the plant, the report said.

The facility is expected to employ about 1,000 workers.

The plant will be located adjacent to an LCD panel factory of South Korean manufacturer LG Philips LCD Co, from which the Toshiba plant will purchase panels to save costs. The LG Philips plant is scheduled to go into operation next year, the report said.

The European LCD TV market is projected to expand to 30 mln units in annual sales volume by fiscal 2009 from about 8.6 mln in fiscal 2005. Toshiba's annual production capacity of flat-panel TVs in Europe will reach roughly 3 mln units by 2009, the report said.
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