01
Jun
2007
ABC Money: LG Electronics said it and other LG Group affiliates – LG Philips LCD, LG Innotek and LG Chem – have opened an European LCD cluster in Wroclaw, Poland, offering the opportunity for one-stop LCD manufacturing, from components to TVs.
Three other South Korean parts makers are also housed in the cluster, LG said.
The companies said they have created approximately 4,200 local jobs in total.
The cluster will allow LCD products and components to be produced and assembled at a single location, boosting synergies especially for the European LCD market, which holds about 37 pct of the global market, LG said.