Sharp Announces Plans to Construct LCD Module Plant in Poland Apr 21, 2006

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Sharp Corporation 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.

This facility will begin production of LCD modules in January 2007, for large-screen LCD TVs to be manufactured at plants at Sharp Electronica Espana 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 (approx. U.S. $54.2 million), with a workforce (at start-up) of around 800 employees.

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