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Samsung plans new TV factory in China
Flat-panel TV sales are going from strength to strength, and manufacturers are responding to demand with continued investment. Korean electronics corporation Samsung is now planning to open a further location, in China, for LCD-panel production.
October 19, 2009 — Samsung Electronics plans to open a new factory in China for LCD panels, according to an announcement by the South Korean company. The facility in Suzhou, eastern China, is predicted to cost 1.4 billion GBP, and will be constructed as a joint venture with an as-yet-unknown partner. Further details won’t emerge until the Chinese and South Korean governments have officially approved the plans.
LCD TVs such as the Samsung UE 40 B 7000 are selling excellently — apparently also in China.
According to Samsung, production will begin in 2011, and the plan is to use the factory to produce LCD panels measuring 40 inches and up. The company’s decision to build an additional factory might stem from rising demand for larger LCD screens in China, where the market remains far from saturated.