LG Electronics

Type
Business expansion
Country
Poland
Region
Makroregion województwo mazowieckie;
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
2,115 jobs
Number of planned job creations
Job creation
Announcement Date
11 April 2005
Employment effect (start)
Foreseen end date

Description

LG Electronics has announced the creation of a new facility, which will produce modern digital television sets, plasma monitors and LCD screens. The investment, second LG factory in Poland, is located on a 38 hectares plot on the territory of the SEZ; the company will therefore benefit from tax exemption until 2017. Another zone will be set up in the proximity of the plant and it will be designated for company's subcontractors who are likely to create, as much as 5,000 jobs. LG Electronics also signed an agreement with Ciechanów Technical University, on the basis of which the firm will set up an R&D centre. It will employ graduates of the academy who are already subject to a special educational program tailored for the needs of the investor.

Sources

  • 12 April 2005: Gazeta Wyborcza
  • 11 April 2005: The Polish Information and Foreign Investment Agency
  • 11 April 2005: Rzeczpospolita

Citation

Eurofound (2005), LG Electronics, Business expansion in Poland, factsheet number 61409, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61409.