EMSnow: Asahi PD Glass Korea Co. Ltd. held a ground-breaking ceremony for its fourth complex in Gumi, South Korea on June 27. The company was established through a memorandum of understanding (MOU) between the Gumi City major, Eui-Geun Lee, and Asahi Glass in Tokyo, Japan on May 25. Asahi Korea plans to invest $100 million to build a glass plant for use in plasma display panels (PDPs). Construction completion is targeted for July 2007. About 1200 jobs will be created according to Asahi Korea.
Gumi is the location for many of LG.Philips LCD’s fabs. Gumi is also known for the quality of its water, which is required for proper cleaning in between LCD manufacturing steps.