Samsung buys Galanta plant

SOUTH KOREAN electronics giant Samsung has announced plans to begin producing TV sets and computer monitors in Slovakia by October 2002.

Samsung Electronics Slovakia, wholly owned by Samsung's Hungarian subsidiary, in early July acquired a factory from defunct furniture maker ZNS in the southwestern Slovak town of Galanta.

The company plans to hire 600 people and produce 200,000 monitors by the end of this year, increasing to 2,000 employees and 1.5 million units in 2003.

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