Korean electronics giant, Samsung Electronics is reportedly investing $418 million in the expansion of its existing LCD line. In a bid to meet the growing demand in the market, Samsung will invest in its 8th LCD line facility at Tangjeong, South Korea. According to Samsung, this investment will be “executed in the first half of 2010” with which they hope to “meet the growing market demand by increasing production”.
The company also indicated that in 2010, they expect to increase the capital expenditure further with a 3 trillion won planned for LCD and 5.5 trillion won for the memory business. Samsung had also reportedly said that the consolidated capital expenditure for 2009 is expected to reach 7 trillion won. According to a latest survey by research firm WitsView, the global demand for large-screen LCD panels is seeing a steady growth, with the shipments of such panels increasing by 3.4 percentage in November. The firm also stated that the end-market sales of this year in Europe and the U.S during the Thanksgiving and Christmas season was ‘outstanding’ compared to last year.
