SAMSUNG TO BUILD SECOND LCD PLANT IN CHINA

Tue. June 24, 2008; Posted: 05:28 AM

TIANJIN, Jun 24, 2008 (AsiaPulse via COMTEX) -- SSNJY | Quote | Chart | News | PowerRating -- Samsung Electronics Co., Ltd. (KSE:005930) will build its second liquid crystal display (LCD) plant in China after it succeeded in producing 82-inch LCD at the Tianjin Display Plant.

China Securities Journal reported that Samsung is selecting a place for the construction of the project with scheduled investment of US$500 million.

The first batch of 82-inch LCD is expected to service airports and bourses.

To meet the increasing market demand, Samsung has released a package of 40-inch, 46-inch, 57-inch, 70-inch and 82-inch LCD in succession.

Qu Jingdong, VP of marketing for Samsung Electronics' Greater China division, said that the company decided to build another LCD manufactory in China to satisfy the robust market requirement.

(XIC)

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