The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
2,834 jobs Number of planned job creations
Announcement Date
6 September 2005
Employment effect (start)
Foreseen end date
Description
LG.Philips LCD, one of the world’s leading innovators of thin-film transistor liquid crystal display (TFT-LCD) technology, announced that it plans to build a 'back-end' module production plant in Wroclaw, a city in southern Poland, becoming the first global LCD industry player to commence such production in Europe. An investment agreement for the plant will soon be signed with the government of Poland. LG.Philips LCD plans to establish a local entity in September 2005, and will break ground for the plant in the first half of 2006 and start production in the first half of 2007 with an initial capacity of 3 million modules per year. The company will invest a total of €429 million in the plant by 2011, at which time it is scheduled to reach its design capacity of 11 million units per year. LG.Philips LCD plans to allocate the capacity of the local plant to the production of large and wide LCD TV modules, such as 26-inches, 32-inches, 37-inches and 42-inches, as well as 19-inches and above for monitors.
Sources
6 September 2005: The Chancellery of the Prime Minister
19 August 2005: Warsaw Business Journal
Citation
Eurofound (2005), LG.Philips LCD, Business expansion in Poland, factsheet number 62139, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62139.
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