Electronics Production | April 02, 2007
LCD makers turn to Eastern Europe for labour and tax breaks
LCD makers are continuing to building plants in different parts of Eastern Europe.
As evertiq.com reported earlier companies like LG Electronics, Samsung and TPV are among those who are investing in countries like Poland, Slovakia, Hungary and Czech. According to an official at Samsung's plant in Hungary, “Eastern European countries promised to reduce our taxes by up to $100 million and labour is cheaper here compared to Western Europe." He continued, “Those things are magnets that are pulling multinationals to Eastern Europe.", local media reports.