Samsung to build LCD plant in China
Seoul - Samsung Electronics Co plans to invest 2.6 trillion won (2.23 billion dollars) in a plant for building liquid crystal display (LCD) panels in China, the company said Friday.
South Korea's leading technology firm said it planned to form a joint venture to build the plant in Suzhou in western China, but did not elaborate who would be its partner and the size of its stake in the project.
The Suzhou plant was to produce 40-inch (102-centimetre) LCD panels of the 7.5th generation as of 2011, Samsung said.
The South Korean company is the world's largest maker of LCD panels. The investment is linked to growing demand for LCD television sets in China.
Samsung's main Korean competitor LG Display two days ago announced a joint venture for an 8th-generation LCD plant in China, worth 4 billion dollars.(dpa)