Monitor maker TPV Technology plans to invest US$15m-US$20m to build a new flatscreen monitor manufacturing plant in Fujian province, South China Morning Post said. Construction of the new plant, which would add 5m-6m units to total production capacity, would start within three months and was expected to be complete in 2004.
TPV, which is jointly listed in Singapore and Hong Kong, also considered building the plant in Shanghai, but chose Fujian because the provincial authorities offered better tax concessions.
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