Dowjones Business News: Sony announced today that it will invest ¥11billion to build a plant in Slovakia for production of LCD TVs. The move follows a trend of LCD and plasma makers, including Toshiba and Samsung, for producing screens in Eastern Europe.
Sony’s new plant is likely to begin operation in September 2007, and will have an annual production output of around 3 million LCD TVs under the ‘Bravia’ brand name.
Sony already has a TV-making plant in Slovakia, where it manufactures CRT TVs and LCD TVs of 32 inches or smaller. The company said that it will close that plant when the new factory becomes operational.
In Europe, Sony has another LCD TV plant in Span.