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JCN Network:  Toshiba will be establishing a new production and sales company for LCD TVs, in Kobierzyce, Poland. The move will strengthen the company’s television business and expand sales in Europe.

Toshiba plans to invest approximately 6 billion yen in the Kobierzyce plant over the next five years. Production is scheduled to begin in August 2007; the Company aims to produce 3 million units at Kobierzyce and TUI by FY2009.

Toshiba currently manufactures LCD TVs at Toshiba Information Systems (UK) Ltd. The establishment of the Polish production base will support Toshiba in meeting demand and reinforce its presence in the pan-European market.

Global demand for LCD TVs has doubled every year since FY2001. Toshiba expects demand growth in Europe, the world’s largest LCD TV market, to expand from almost 8.7 million units in FY2005 to approximately 33 million units in FY2009.

The news follows the growing trend of flat panel makers to set up production plants in Eastern Europe.

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DigiTimes: LG Electronics recently announced it plans to start producing LCD TVs at its new production line in Wroclaw, Poland in September.  This is about six months earlier than its original schedule, according to a report from the Korean Herald. The capacity from the new plant will increase to five million units in 2010, up from two million in 2006.

LGE began constructing the line in Wroclaw at the beginning of this year. This is the third production line for the South Korea-based company in Poland. LGE’s Mlawa plant has two production lines for PDP (plasma display panel) TVs and LCD TVs, respectively.

Last week, the South Korea-based company also announced it has completed construction of a Russian plant for flat-panel TVs and home appliances. LGE invested a total of US$150 million (around €118 million) in the 49.5 hectare complex. The facility will produce 500,000 digital TVs (DTVs) annually and the capacity will be doubled to one million units by 2008, according to a company press release.

LGE currently has global production facilities in two South Korean cities, Mexico, the UK, Turkey, Thailand, Vietnam, Indonesia, Kazakhstan and Egypt, added the company.

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Born Rich:  An Italian Italian manufacturer has designed what is the most expensive LCD TV in the world – the opulent “Yalos Diamond” TV set is studded with 160 real diamonds worth 20 carats, and retails at $130,000 (just over €100,000).

And just when it was revelead in a recent study that most woman would prefer a plasma or LCD TV instead of diamonds – now they can have both.

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