LG Chem to invest $2.5 bln in LCD glass plant by 2018

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SEOUL, Sept 23 | Tue Sep 22, 2009 10:05pm EDT

SEOUL, Sept 23 (Reuters) - South Korean chemicals and electronic materials maker LG Chem (051910.KS) will invest a combined 3 trillion won ($2.5 billion) by 2018 in an LCD glass production facility, its parent group said on Wednesday.

The announcement came after it said in July the company would spend 430 billion won on LCD glass production until March 2010.

($1=1196.0 Won)

(Reporting by Kim Yeon-hee and Cho Meeyoung; Editing by Jonathan Hopfner)

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