Electronics Production |
LG-Philips to receive state aid<br>to setting up Polish plant
According to Yahoo the European Commission is set to back Polish plans to grant at least 220 million euros ($276 million) in state aid to a venture involving flat-screen maker LG.Philips.
LG-Philips is establishing a flat-screen plant in the southwestern municipality of Kobierzyce, which is a special economic zone and therefore the company has been granted the money.
"The Commission is expected to approve state aid for the Kobierzyce electronics complex," a Commission official said.
