LG’s Technology Park, grouping together 9 factories of the LG.Electonics concern, was opened on Wednesday, in Biskupice Podgórne, near Wrocław. The South Koreans are investing 800 million EUR over the next four years in a manufacturing plant, which will mainly produce LCD modules and domestic appliances. Work will be found there for almost 12 thousand people. Up to the end of the year, LG Phillips plans to employ 100 people and the remaining companies a further 400.
After the ceremonial opening of the LG Technology Park, before entering the refrigeration plant a tree was planted, then the president of LG Phillips and representatives of the local authorities cut a ribbon.
– The Polish plant will be one of our three most important complexes, manufacturing LCD monitors in the world – emphasised Mr. Bon Moo Koo, the Director of the concern’s supervisory board.
Near Wrocław there are located the factories of LG Electronics, LG Phillips LCD, LG Chem, LG Innotek, and five other supplying sub-groups. The first four production lines of LCD modules, began operating in October of last year; this August the fifth production line will come into operation. The LG board is counting on reaching a 30-35% share of the European LCD market by 2011.
The LG group operates in 120 countries, employing 140 thousand people. The company has been present in Poland since 1997. In 2005 the firm signed an agreement by which on a 275 hectare site in the Kobierzyca gmina near Wrocław, there were set up 9 factories producing modules, televisions and LCD monitors; together with white goods including refrigerators. The total cost of the investment will amount to 807 million EUR.