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Samsung to invest on new LCD plant

Posted: 26 Mar 2008     Print Version  Bookmark and Share

Keywords:regulatory filing 

Samsung Electronics Co. will invest approximately Rs.844.84 crore ($214 million) to build a LCD plant, the company said in a regulatory filing on Mar. 21. No further details were provided.

Industry watchers predict that the investment will likely be made in its plant operated jointly with Sony Corp., located Tangjeong, South Korea, the reported.

Sony and Samsung early this month announced they will invest $1.9 billion to rev up production in their joint venture firm S-LCD Corp.

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