Local flat-panel TV maker Kenmark Industrial Co Ltd (立港) said yesterday it planned to spend US$30 million on building a new manufacturing plant in Corby, East Midlands, England.
The project is one of the biggest investments in the UK from an Asian company in recent years.
The unlisted TV maker has leased the 13,935m² facility for a LCD TV manufacturing plant, which is set to start operating later this month, the British Trade and Cultural Office in Taipei said in a statement.
“We are delighted to announce that we are now establishing our manufacturing facilities in Corby on a par with global standards,” Kenmark chairman James Hwang (黃定國) said in the statement.
“The location is ideal and provides Kenmark with a base from which to continue our growth while providing the local community with diverse and secure employment opportunities,” Hwang said.
Kenmark expects to create around 500 jobs in Corby over the next three years.
Andrew Cahn, chief executive of UK Trade & Investment, welcomed the project.
“This investment is a great boost for the region and is very welcome,” he said.
“It comes at a time when manufacturers have been struggling,” Cahn said. “This vote of confidence in the UK and its manufacturing base will give people great confidence.”
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