SHARP CORP <SHRP.T> TO SET UP PLANT IN THAILAND
Sharp Corp will set up a 100 pct-owned
subsidiary in Thailand to make microwave ovens and
refrigerators for export to the U.S. And western Europe, a
company spokesman said.
    The company, to be named <Sharp Appliances (Thailand) Ltd>,
will be capitalised at 2.1 billion yen and start operations in
October, he told Reuters.
    Sharp hopes the subsidiary, which will use parts from Japan
and southeast Asia, will eventually produce other electric
appliances, he said.
 REUTER
