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Samsung Electronics - Investment in 8-2 LCD Line

Fri Apr 25, 2008 3:12am EDT
 
RNS Number:1117T
Samsung Electronics Co. Ld
25 April 2008




                   Investment in Construction of 8-2 LCD Line

On April 25, 2008, the BOD of Samsung Electronics authorized a KRW 725.4 billion
investment in the setup of an 8-2 generation LCD line at S-LCD, a joint venture
between Samsung and Sony Corp., to strengthen competitiveness in the large LCD
TV market.


Details

-          Total construction investment of Samsung Electronics is expected to
KRW 940.1 billion. The BOD of Samsung Electronics authorized a KRW 214.7 billion
investment on March 22, 2008, and a KRW 725.4 billion on April 25, 2008.

-          Total investment in 8-2 line is expected to be KRW 2.7658 trillion,
including an equipment investment of KRW 1.8 trillion by S-LCD and a
construction investment of KRW 940.1 billion by Samsung Electronics.

-          This investment will be executed in 2008 and 2009.


* Related Public Disclosures: Investment in LCD Plant Construction dated March
22, 2008; and Joint Venture Contract between Samsung Electronics and Sony Corp.
dated April 25, 2008


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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