Korea-registered TriView Co to Build 4 Mln Euro LCD TV Factory in Macedonia

“TriView Co will lease a plot of 2.5 hectares for a two-story factory with a built-up area of 4,200 square meters. Some 80-100 people will be employed during the first stage of the project”, a government press release quoted Prime Minister Nikola Gruevski as saying at the signing ceremony.

The factory is expected to manufacture a total of 60,000 LCD TV sets annually under the HAYER brand. The outpurt, valued at 40 mln euro annually, is intended for the European market. The construction of the factory is expected to start next spring, the statement said, without giving further details.

Seoul-based TriView Co Limited is one of the world's 10 leading manufactures of LCD monitors, marketing its products in Korea and the U.S., the statement said.

Earlier this month, Macedonia signed a MoU with Turkish aluminum giant Borteknik Otomotiv for the construction of a 20 million euro eloxed aluminum factory in the Bunardzik free zone near Skopje.

U.S. Johnson Controls was the first company that opened an electronic car parts factory in the Bunardzik free industrial zone. UK-based Johnson Matthey plans to build an emission control catalyst plant in the zone. French designer and producer of aluminum components Montupet has said it would start building a 60 million euro factory for automobile engine parts by the end of 2008, while Italian industrial manufacturer Orlandi plans to build a 10 million euro factory for farming equipment.

($=0.7313 euro)