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(Chinadaily)South Korea's Hyundai LCD Inc will set up a plant in the Tianjin Economic-Technological Development Area (TEDA) in northern China, investing an initial $31 million, TEDA said in a statement on its website.
Output of the LCD facility is expected to be worth 600 million yuan ($82.53 million) in 2008 and 1.2 billion in 2009.
The plant's output value is expected to exceed 2.4 billion yuan in three to five years, with investment levels at $200 million, it said.
Hyundai LCD is South Korea's third largest producer of high-end LCDs.
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