LG Group to invest $2.5 billion in Wales; Megaproject marks Europe's largest business investment ever. From: Business Wire | Date: July 10, 1996 | COPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

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...

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