LG Group to invest $2.5 billion in Wales; Megaproject marks Europe's largest business investment ever.

Business Wire | July 10, 1996 | Copyright

CARDIFF, Wales--(BUSINESS WIRE)--July 10, 1996--The Welsh Development Agency today announced that Korean multinational LG Group, one of the world's leading industrial conglomerates, will build a $2.5 billion electronics complex in Wales -- the largest foreign investment project ever undertaken in Europe.

LG Group, which has recently increased its presence in the United States and other nations, will operate facilities on a 250-acre site in Newport, South Wales.

The facility will house an LG Electronics Inc. integrated TV monitor plant and an LG Semicon Co., Ltd, wafer ...

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