Samsung Electronics Co. Ltd. will begin the construction of a flat-panel display fabrication facility in Tanjeong, Korea, despite the LCD retail disaster year that was 2004.
The result of a 290 billion won (US$273 million) investment, the new plant will cater for the growth in demand for 30-inch and larger LCD TVs. The fabrication facility will be about 300,000-square-meters, while the module assembly facility will be about 93,000-square-meters. Production is scheduled to begin in the first half of 2006.
"With Line 7-2, Samsung will secure a stable supply from which we can deliver high-quality, affordable LCD TV panels. This will solidify Samsung's leadership position in the industry as it standardizes large-sized LCD TVs." - Sang Wan Lee, president and CEO of Samsung's LCD Business.