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Sharp announces plans to construct LCD module plant in Poland (19/4/2006)

Sharp Corporation ('Sharp') has announced that it is negotiating with the government of the Republic of Poland to construct a manufacturing facility for LCD modules in the city of Torun in Kujawsko-Pomorskie Voivodship in the north-central part of that country. The objective is to meet the needs of the LCD TV market in Europe, which is predicted to undergo extremely rapid growth in the near future.

These plans were disclosed at a meeting held at the office of the Prime Minister in the capital, Warsaw, on Thursday 13 April 2006. At the conference, Prime Minister Kazimierz Marcinkiewicz and Under Secretary of Economy, Andrzej Kaczmarek represented the government of Poland, and President Katsuhiko Machida attended on behalf of Sharp.

This facility will begin production of LCD modules in January 2007, for large-screen LCD TVs to be manufactured at plants at Sharp Electrónica España S.A. (SEES) in Spain and Loewe Opta GmbH in Germany. Unit production volumes will gradually be increased in the future to meet the demands of the rapidly expanding European market for LCD TVs.

Initial investment is expected to be approximately 44 million Euros (approximately 6 billion yen), with a work force (at start-up) of around 800 employees.

www.sharp.co.uk