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Samsung to build LCD plant in Slovakia

Posted: 12 Mar 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Samsung Electronics? LCD? LCD TV? TV set? flat panel TV?

Samsung Electronics Co. announced last week that it will build an LCD plant in Slovakia, its first European LCD plant, according to a report from The Korea Herald. The company already has another plant in Galanta, Slovakia, which produces TV sets and audio/video equipment.

According to the report, the company said it will invest a total of about $155 million in building the plant in Trnava in the first half of the year.

Samsung officials expect to boost flat-panel supplies for European TV set producers when the plant begins mass-production in the first half of next year, the report said.

Recent data of market research group DisplayResearch showed that Europe is the largest market for the LCD TVs, consisting 39 percent of the total global market in 2006.

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