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IP: *.ok.ae.wroc.pl
07.11.05, 14:54
Samsung Follows LG to Poland
Samsung Electronics will dog the steps of its closest rival LG Electronics
even in Poland, where it will build its own home appliances factory.
"We decided to make inroads into the European premium electronics market," a
Samsung spokesman said. Korea's largest electronics maker plans to invest
over US$100 million in building the plant, which like LG’s will be in the
city of Wroclaw.
LG in September announced it is building a home appliances and liquid crystal
display (LCD) factory there.
Behind the two electronics giants' decision are punitive anti-dumping charges
against Korean-made electronics in the EU. Poland is particularly attractive
among European nations because labor is cheap considering the relatively high
level of education.