25th Apr 2008 08:12
Samsung Electronics Co. Ld25 April 2008 Investment in Construction of 8-2 LCD Line On April 25, 2008, the BOD of Samsung Electronics authorized a KRW 725.4 billioninvestment in the setup of an 8-2 generation LCD line at S-LCD, a joint venturebetween Samsung and Sony Corp., to strengthen competitiveness in the large LCDTV market. Details - Total construction investment of Samsung Electronics is expected toKRW 940.1 billion. The BOD of Samsung Electronics authorized a KRW 214.7 billioninvestment on March 22, 2008, and a KRW 725.4 billion on April 25, 2008. - Total investment in 8-2 line is expected to be KRW 2.7658 trillion,including an equipment investment of KRW 1.8 trillion by S-LCD and aconstruction investment of KRW 940.1 billion by Samsung Electronics. - This investment will be executed in 2008 and 2009. * Related Public Disclosures: Investment in LCD Plant Construction dated March22, 2008; and Joint Venture Contract between Samsung Electronics and Sony Corp.dated April 25, 2008 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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