Nitto Denko to build plants in S Korea, Taiwan

"Japan's Nitto Denko Corp plans to add a factory for processing and cutting polarizing film in both South Korea and Taiwan to meet rising local demand for the key liquid crystal display (LCD) component in these major LCD-producing countries.

The establishment of the two new plants is estimated to cost around 10 billion yen (US$92 million).

Nitto Denko already has one plant in each country.

The new South Korean factory is slated to begin operating in February 2005.

Its output is expected to be supplied to Samsung Electronics Co and LG Philips LCD Co for their production of personal computers and television sets.Nitto Denko holds about a 60% global market share for polarizing films." Full news @ Asia Times Online