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LG mulls CEE plant in Hungary

Korea's second largest manufacturer of consumer electronics LG is considering Hungary, Poland and the Czech Republic a potential location for a new manufacturing plant in Central Eastern Europe, daily Magyar Hírlap reported. Communications Director Park Sung-Ko said, the corporation will soon reach a final decision regarding the location of the new unit and the value of the planned investment. Part of LG's goal of becoming the largest producer of durable consumer goods worldwide, the project is expected to kick off in the beginning of next year, according to the company spokesman.