Grants for Korean LCD TV production in Poland get EU approval -

Grants for Korean LCD TV production in Poland get EU approval

LONDON — The European Commission has approved €206.1 million of state aid which Poland intends to grant to eight Korean-based companies to set up a cluster of nine electronics projects in Kobierzyce, Poland (Lower Silesia).

The total eligible costs of the nine investment projects is €711.1 million and the companies in the cluster will manufacture liquid crystal display (LCD) TV modules, related components as well as the downstream product, LCD TV sets.

LG. Philips LCD Poland will carry out assembly and manufacturing of TFT-LCD TV modules while Ohsung (Dong Seo) Display Poland will produce metal components, Lucky SMT Poland make printed circuit boards and Dong Yang Electronics Poland manufacture plastic components and assemble printed circuit boards.

Backlight units will be made by Heesung Electronics and LG Chem Poland will produce polarizers and PDP filters while inverters, TV tuners and power supply units will be made by LG Innotek Poland. The complete TV sets will be assembled by LG Electronics Wrocław and the company also intends to produce refrigerators and washing machines in a separate plant in Kobierzyce.

The Poilish government investments would be made between 2006 and 2011 and the aid package for each of the nine investment projects comprises a combination of grants, free land and tax exemptions.

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