This excerpt taken from the LPL 6-K filed Aug 26, 2005.
in Eastern Europe
Global Manufacturing Footprint Important to Maintaining Leadership in Rapidly Growing
LG.Philips LCD (NYSE: LPL, KRX: 034220), one of the worlds leading TFT-LCD manufacturers, said today that it is considering setting up a new TFT-LCD module factory in Eastern Europe.
The company is currently looking at several countries in the region, including Poland, as potential sites for a new factory. Further announcements will be made in due course, once a final agreement is reached.
LG.Philips LCD restated the companys strategy to optimize its global manufacturing processes. As part of this strategy, and seeing the growing international demand for LCD TV products, it is currently reviewing plans to build a TFT-LCD module factory in Eastern Europe.
LG.Philips LCD believes that having a manufacturing site in Eastern Europe will sustain its leading status in the LCD industry and allow for a smarter, more efficient and more cost effective manufacturing processes.
The TFT-LCD module factory is a back-end processing facility. LG.Philips LCD has similar TFT-LCD module factories in Gumi, Korea and Nanjing, China and is currently constructing a module factory in the Paju Display Cluster in Gyeonggi-do, Korea, as part of one of the worlds largest 7th generation TFT-LCD panel manufacturing facilities, which will commence mass production in the first half of 2006.