LG plans more RI plants<\/p>\n
SEOUL (AFP): South Korea's LG Electronics Co. said yesterday
\nit would build a 150-million-dollar joint venture plant with
\nJapan's Asahi Glass and two other Indonesian firms to produce TV
\ntube parts in Indonesia.<\/p>\n
The joint venture, P.T. Video Display Glass Indonesia, will be
\ncapable of churning out 10 million color picture tube funnels,
\nthe rear part of the tube, from October 1997.<\/p>\n
Start-up capital for the project was set at US$40 million
\ndollars, with 36 percent of the total provided by LG, 54 percent
\nby Asahi Glass and 10 percent from two Indonesian partners,
\nRodamas and Subentra, a LG spokesman said.<\/p>\n
The plant would be later supplemented with production lines
\nfor panels, the front parts of picture tubes, at a cost of
\nanother 150 million dollars, the spokesman said.<\/p>\n
By 2000, it would be capable of producing seven million panels
\nannually as well as the funnels for sales in Indonesian and
\ninternational markets, he said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/lg-plans-more-ri-plants-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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