President of Mexico, Vicente Fox Opens New LG.Philips Displays Factory in Gomez Palacio, Mexico.Business Editors GOMEZ PALACIO Gó·mez Pa·la·ci·o A city of north-central Mexico west of Monterrey. It is a processing and transportation center in an agricultural region. Population: 219,000. , Mexico--(BUSINESS WIRE)--Dec. 5, 2001 Today, the President of Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. , Vicente Fox, opened the new factory of LG.Philips (company) Philips - A Dutch multinational electronics company. It produces washing machines, consumer electronics, integrated circuits and light bulbs. Together with Sony they set the Compact Disc standard, especially Green Book CD-ROM. Displays in Gomez Palacio. The factory, which in its initial phase represents an investment of 245 million US dollars, will employ approximately 2,000 people by 2003. The annual manufacturing capacity of the state-of-the-art facility is over 4.5 million color picture tubes. The new factory was officially opened by a traditional ribbon cutting ceremony A ribbon cutting ceremony is a public ceremony conducted to inaugurate the opening to the general public of a new building or business. Often, it is conducted in just the manner the name suggests: by tying a ceremonial ribbon across the main entrance of the building, which by President Vincente Fox and Andreas Wente, LG Philips LG Philips can refer to two partnerships between South Korea's LG Group and the Dutch firm Philips:
See also: Color picture tubes, and we want to remain in this position. Our new factory here in Gomez Palacio will be the factory of the future. This facility has been built using the latest technology in order to produce the best color picture tubes in the world. We are investing in this new factory because we believe in the future of Cathode Ray Tubes See CRT. (hardware) cathode ray tube - (CRT) An electrical device for displaying images by exciting phosphor dots with a scanned electron beam. CRTs are found in computer VDUs and monitors, televisions and oscilloscopes. ." Gomez Palacio, Durango was chosen for the new facility because it is close to the locations of major TV manufactures, many of whom already have manufacturing facilities in the region. Other reasons to locate the factory in Gomez Palacio were the availability of a highly qualified workforce and a good infrastructure, which is a key success factor of a successful TV-tube operation. Furthermore, the excellent co-operation and support of the Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum Government contributed to the choice of Gomez Palacio in the Mexican Republic. Mr. Wente commented: "This plant supports the trust of LG.Philips Displays in the future of this country." State-of-the-art facility "This is a giant step forward for our organization" stated Ed Schwartz Ed Schwartz is a Chicago media personality who hosted local late-night radio programs from the mid-1970s to the mid-1990s. He is nicknamed "Chicago Ed". A native of the Southeast Side of Chicago, Schwartz graduated from Bowen High School and then attended Columbia College, , LG.Philips Displays' Managing Director Region Americas. "This state-of-the-art facility will employ the most advanced manufacturing processes and flexible manufacturing lines. This gives us the ability to produce innovative products which our customer will require in order to remain competitive, and positions our company for sustainable growth in the future." Real-flat Cybertubes The factory will begin producing large screen 29" Flat Square picture tubes on one production line with an annual capacity of 1 million. In the initial phase, approximately 800 people are employed in Gomez. Future plans involve additional real flat lines to produce large size picture tubes (29" Real Flat Cybertube) and jumbo size picture tubes like the 36" Real Flat Cybertube Wide Screen (16x9) picture tube. The world's largest picture tube supplier LG.Philips Displays, a newly formed joint venture of combined picture tube divisions of Philips Display Components and LG Electronics, is now established as the world's largest supplier of television and monitor tubes, with leading regional market shares in Europe, the Americas and Asia, including the important high growth market, China. Last year the company produced over 70 million cathode ray tubes (CRTs). More than one quarter of all televisions and computers in the world contain an LG.Philips Displays picture tube. LG.Philips Displays is the world's market leader in color picture tubes for use in televisions and computer monitors. The company, with its operational headquarters in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , employs more than 35,000 people over factories in 14 countries. Speed, Innovation & Partnership are the company's core values. Note to the Editor (not for publication) All texts and pictures handed out at the press conference are available at our website www.lgphilips-displays.com. |
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