Toshiba to build new LCD plant for $1.2 bln-Jiji

TOKYO, Dec 24 (BestGrowthStock) – Toshiba Corp (6502.T: ) plans to
spend over 100 billion yen ($1.2 billion) to build a factory to
make LCD panels, the Jiji news agency said on Friday.

Its subsidiary Toshiba Mobile Display will build the factory
in Ishikawa prefecture on the Sea of Japan coast, the report
said. It did not mention a time frame for the project.
(Reporting by Mariko Katsumura; Editing by Michael Watson)

Toshiba to build new LCD plant for $1.2 bln-Jiji